RPM Hometown Hot Springs, AR Frequently Asked Questions

Our base price for our management fee is 10% of the monthly rent or a minimum of $80 a month. However, this fee is negotiable based on the location, condition, quality, and the number of properties you need managed.

50% of the first month’s rent. This fee is the price to do all the marketing, showings, and the time put in to properly vet your potential tenants.

No charge for move-in assessments – move-in assessments are covered under the management fee.

We do not ask for any money upfront to get started with management services. All fees associated with getting started with us are taken out of the first month’s rent. Barring you don’t have any maintenance issues for months 2-12 you will only be charged your monthly management fee.

We highly recommend doing at least one property inspection while the property is occupied, but we offer up to two a year. These evaluations are optional. This is a detailed evaluation of how the tenant is treating your property; checking smoke detectors, air filters, water leaks, and ultimately ensuring that your property is compliant. These reports are sent to your owner portal for you to review at your convenience. This costs $150 per evaluation.

We provide an annual cash flow (P&L) and 1099 and monthly and annual statements – at no additional fee.

The average cost for an eviction can be anywhere from $500-$1500 depending on how long the process takes to remove the tenant from the property. 

Our contract is one year. This automatically renews unless we are given a 30-day notice.

Real Property Management Hometown chooses the tenants through a strict vetting process. Our tenant requirements are a net income of 3X the rent, no felonies, a credit report showing consistent payment (excluding medical and education loans), employment verification, verifiable rental references, and no bankruptcies in the last three years. Check out our lease guarantee in the section below!

66% of Americans own pets, therefore we highly encourage owners to allow pets on their property; however, this is up to you! To provide you with more peace of mind we charge a $300 non-refundable pet fee for the first pet and $100 for each pet after that. This is in addition to the tenant security deposit and is guaranteed money for you to keep to; helping with any potential damages that may occur due to pet occupancy. Pet rent is $35 per pet which is kept by management to cover the additional time it takes to coordinate maintenance and pay for the additional liability we accrue to send our staff and maintenance into homes with pets. 

All work orders are assigned to our approved list of 3rd party vendors. These vendors have been vetted and are licensed and insured. The coordination fee of 15% above the work or $75 an hour for in-house maintenance performed. We have a sister company, PCR Construction, that is at your disposal for bigger remodeling projects if needed. We can take care of anything from a leaky sink to a full gut job. Our maintenance limit is $500, meaning that any work over that amount must be approved by you unless the work is considered an emergency repair.

We manage over 300 properties in Hot Springs, Hot Springs Village, Malvern, and Arkadelphia.

We have a sister company, Hometown Realty Company, which can help you in liquidating or expanding your Real Estate portfolio. We do not require you to list your property with us; however, If you choose to sell your property while under management with us, you receive a discounted commission if sold within our portfolio of clients. Make sure to get with our team of expert professionals to weigh the pros and cons of holding vs selling your investment property.

Just a few items that set us apart from other management companies are the following.

1. Locally Owned and Family Run
2. AppFolio Property Management Software
3. Locations
4. Tenant Liability Insurance
5. We are a Property Management Company 
6. Communication Guarantee 
7. Village Mentality 
8. Review standing