ELLIS HomeSource, AMO

All fees are based on performance. We collect a percentage of the rent for leasing and managing your residential real estate. If we don't collect rent, we don't get paid. So we are as motivated as you to have a stable resident who pays rent on time. • Management Fee: Typically 10% of the rent we collect. This cost includes collections, coordination of all maintenance, resident relations, and reporting to our owners. • Leasing Commission: One month's rent os charged for leasing. This allows us to actively market your home on MLS as well as up to 17 other internet sites and listing services. This leasing commission is often divided by several different real estate leasing specialist who all contribute to finding a sable long-term resident.

Most important is understanding the owner's goals and objectives. We start by learning what your intentions are for your asset. Are you looking to hold there property long-term and work toward debt reduction and future appreciation? Or is this a value-added asset that you hope to sell within 12-24 months for a quick gain? Regardless, ELLIS HomeSource listens to your needs and creates a management plan to meet that goal.

All ELLIS HomeSource property managers and leasing professionals hold a Texas Real Estate Salesperson license. Rick Ellis, the company Broker/Owner is a CAM, Certified Apartment Manager, and a CPM, Certified Property Manager through the IREM - the Institute of Real Estate Management. Our company holds the prestigious AMO - Accredited Management Organization - designation from IREM.

I worked for years in multifamily management operating an apartment portfolio of 5000 units in Texas and Colorado. Seeing a need and a niche for professional and expert management of single family homes, duplexes, townhomes, and small apartment buildings, I created ELLIS HomeSource, AMO, to specialize in offsite residential property management.

We manage for both individual investors and institutions. One November we took over a receivership with over 80 single family homes in the Dallas/Fort Worth Metroplex. We also manage small apartment buildings that have too few units to justify an onsite manager or leasing professional.

Look not only for credentials but also a successful track record. ELLIS HomeSource has been specializing in single family management since 1985.