Exceptional Property Management Services In
Buffalo, NY
With more than a decade of experience in property management, 50X Development Group delivers comprehensive, turnkey solutions tailored to meet each client’s unique real estate goals. We emphasize transparent communication and are committed to building trusted partnerships.
Your Trusted Partner for Tailored Turnkey Solutions
Rental Marketing
Effective property marketing is crucial to real estate success. At 50X Development Group, we use advanced technology and strategic listings on platforms like Zillow and Belmont Housing to attract qualified tenants, reduce vacancy time, and boost your return on investment.
Rent Collection
Rent collection can be tedious, so we use a modern payment system that makes it easy to track transactions in real time. Tenants can pay quickly using credit cards or bank transfers, creating a smooth and transparent experience for everyone.
Inspections
Regular inspections help catch issues early, preventing costly repairs down the line. At 50X Development Group, we perform detailed move-in and move-out inspections and handle necessary repairs to keep your property rent-ready and well-maintained.
Maintenance
Benefit from our proactive maintenance approach. We keep your property up to code and running smoothly. Whether it’s an emergency or routine repair, our team is always available. Tenants can also submit requests online for fast, reliable service.
Tenant Screening
We’re committed to placing reliable, responsible tenants in your property. Our thorough screening process includes background, credit, and employment checks to ensure each applicant meets your criteria. Only qualified tenants are approved to sign the lease and move in.
Enforcement
Our lease agreements clearly define tenant responsibilities, including rent due dates and late payment penalties. To reduce delays, we use an automated system that sends reminders for overdue payments and enforces late fees after the grace period—helping ensure tenants stay accountable.
Our Services Also Include
Construction management/handyman services
Resident placement
Buy/sell properties
Our Transparent Management Fees
$100 each month, per unit
New lease fee- 50% of the full month’s rent
If we do not manage the property, the new lease fee charged is equal to one full month’s rent
Lease Renewal- no charge
Set-up/Start-up Fee- $100.00 per unit
The administrative fee is charged annually in December and is based on the number of units (starting at $50.00 per unit, per year)
$50.00 per hour for additional reports (minimum charge of one hour)
Management fees cover collecting rent, preparing and sending monthly statements.
Maintenance Fees
General maintenance- $70.00 per hour (minimum charge of one hour)
Mechanical/Plumbing/Electrical Maintenance- $90.00 per hour (minimum charge of one hour)
Emergency Maintenance- after 5:00 pm Monday-Friday, all day Saturday & Sunday, and holidays observed by management- $100.00 per hour
Lawn Care- Prices based on seasonal rates
Eviction Fees
Delivery of 3-day notice $50.00 (tenant charged $50.00)
Deliver final notice- no charge
File eviction with the courts- $475.00 (includes attorney and one court appearance)
File writ- currently $100.00 + court service fee (may change without notice)
Optional Services Offered
One-time inspection fee- $75.00 per unit
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.
