Your Trusted Partner for Tailored Turnkey Solutions
With over a decade of experience in property management, 50X Development Group offers comprehensive, turnkey solutions that are tailored to our clients' real estate goals. We prioritize clear communication and cultivate long-lasting relationships with our clients.
Rental Marketing
Effective property marketing is an essential aspect of achieving real estate success. At 50X Development Group, we incorporate cutting-edge technology and innovative strategies to market properties. We’ll list your rental on popular websites such as Zillow and Belmont Housing. This will attract a large pool of qualified potential tenants and reduce vacancy time.
Inspections
Regular property inspections assist in identifying issues early before they become major expenses. Our team conducts thorough move-in and move-out inspections to preserve the longevity of your property. We’ll conduct necessary repairs to ensure your unit is always rent-ready. You can rely on us to keep your properties in pristine condition.
Tenant Screening
We aim to only place reliable and responsible tenants in our clients’ property. To achieve this, we set up a comprehensive screening process that helps to weed out applicants who don’t meet our client’s criteria. This process includes a background check, which assesses a potential tenant’s criminal, credit, and employment history. Only successful applicants can sign the lease and move into your rental.
Rent Collection
Rent collection can be a time-consuming process. That's why we utilize a state-of-the-art payment system. This ensures you can easily receive and track payments and transactions in real time. It also allows tenants to quickly pay rent as it supports several payment methods such as credit cards and bank transfers. Our streamlined process fosters a transparent and stress-free property management experience.
Maintenance
Benefit from our proactive approach to maintenance! We'll ensure your property is effectively managed and always up to code. Whether you have an emergency or routine repair, our phone lines are always open with friendly staff ready to assist. Tenants can also send maintenance requests online and we'll quickly resolve the issue.
Enforcement
Our lease agreements outline tenants' responsibilities including due dates and late payment penalties. We utilize an automated system to notify tenants if their rent is overdue to mitigate the risk of delayed payments. This advanced system helps hold tenants accountable for their rental payments. If the rental payment isn't made after the grace period, we charge the tenant a late fee.
Our Services Also Include
Construction management/handyman services
Resident placement
Buy/sell properties
Our Transparent Management Fees
$100 each month, per unit
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New lease fee- 50% of the full month’s rent
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If we do not manage the property, the new lease fee charged is equal to one full month’s rent
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Lease Renewal- no charge
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Set-up/Start-up Fee- $100 per unit
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The administrative fee is charged yearly in December and is based on the number of units (starting at $50 per unit, per year)
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$50.00 per hour for additional reports (minimum charge of one hour)
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Management fees cover rent collection and preparing and sending monthly statements.
Maintenance
Fees
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General maintenance- $70.00 per hour (minimum charge of one hour)
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Mechanical/Plumbing/Electrical Maintenance- $90.00 per hour (minimum charge of one hour)
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Emergency Maintenance- after 5:00 pm Monday-Friday, all day Saturday & Sunday, and holidays observed by management- $100.00 per hour
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Lawn Care- Prices based on seasonal rates
Eviction
Fees
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Delivery of 3-day notice $50.00 (tenant charged $50.00)
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Deliver final notice- no charge
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File eviction with the courts- $475.00 (includes attorney and one court appearance)
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File writ- currently $100.00 + court service fee (may change without notice)
Optional Services Offered
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One-time inspection fee- $75.00 per unit
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Estimate for repairs- $50.00 per estimate
*If the property is vacant, no management fee will be charged. Your property is only checked when shown to prospective tenants.
More Critical Information for Property Owners
Why Do Rental Owners Choose to Work With Us?:
Our company has a 99% occupancy rate.
On average, tenants stay with us for more than three years.
Rental Owners’ Top Considerations When Choosing a Property Manager: Service:
67% say it’s paramount that their PMC provides best-in-class customer service.
50X Development provides its clients with white glove service and a total hands-off experience. Our staff and owner are readily available to assist with all of your NY property needs.
What Technological Systems do we Offer Property Managers?:
Our company offers a 100% virtual experience for both tenants and landlords.
Everything is centralized under our state of the Art Resident Center Application via Buildium.
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