Traditional property managers charge 50-100% of one month's rent as a "leasing fee" or "placement fee" every time they find a new tenant. For a $4,000 Bay Area rental, that's $2,000-4,000 per placement. Loose Leaf Properties charges a competitive 40% tenant placement fee—significantly lower than industry standard—while still providing comprehensive tenant screening and placement services.
The Traditional Leasing Fee Model
Most property managers charge separately for finding tenants. This fee covers marketing the property, coordinating showings, processing applications, and preparing the lease. Traditional placement fees of 50-100% of first month's rent can add up quickly, especially with frequent turnover.
The value comparison: A 40% placement fee represents significant savings compared to the industry-standard 50-100%. For a $4,000 rental, you pay $1,600 instead of $2,000-$4,000—keeping more money in your pocket.
How Our 40% Placement Fee Works
Our 40% tenant placement fee covers comprehensive placement services including professional photography, multi-platform marketing, showing coordination, thorough tenant screening, lease preparation, and move-in documentation. You only pay when we successfully place a qualified tenant.
5-Year Cost Comparison (assuming 2 turnovers)
Traditional Model (75% placement fee)
Management: $300/mo × 60 = $18,000
Placement fees: $3,000 × 2 = $6,000
Total: $24,000
Loose Leaf (40% placement fee)
Management: $199/mo × 60 = $11,940
Placement fees: $1,600 × 2 = $3,200
Total: $15,140
5-Year Savings: $8,860
Benefits of Our Approach
Below-market placement fees: Our 40% fee is significantly lower than the 50-100% charged by most competitors. You save money on every tenant placement.
Predictable costs: Combined with our flat monthly management fee, you can budget accurately knowing exactly what tenant placement will cost.
Quality doesn't suffer: Lower fees don't mean lower service. Our placement process includes comprehensive screening, professional marketing, and thorough documentation.
The Bottom Line: Our 40% tenant placement fee offers significant savings compared to industry-standard rates while providing the same comprehensive placement services. Combined with our flat monthly management fee, you get professional property management at a fair, transparent price.