Single Family Management

What Option Is right for you?

Our full-service management option represents the complete, worry-free experience most owners envision when they think of professional property management.

Coldwell Banker Rick Canup Realtors will market and show your property to qualified prospects, process applications, verify tenant qualifications, and execute leases on your behalf. Once leased, we handle all day-to-day operations—including rent collection, maintenance coordination, vendor payments, monthly owner statements, 1099 reporting for owners and vendors, and ongoing communication with tenants and service providers.

Beyond daily management, we also assist with portfolio growth. Our team can analyze potential acquisitions, accompany you on property showings, estimate rental value, and recommend repairs or upgrades to improve return on investment.

This option is ideal for out-of-town owners or investors with multiple properties who prefer to focus on expanding their portfolio rather than managing daily details.

Our Leasing Only Option is exactly what it sounds like. The owner assumes responsibility for the property once it has been leased.

Coldwell Banker Rick Canup Realtors will market the property, show it to prospective tenants, and qualify applicants. Leases are then sent to the owner for review and execution. We will collect the security deposit, first month’s rent, and any prorated rent, then deduct the leasing fee and any owner-approved expenses before disbursing funds to the owner on the next scheduled disbursement date.

This option is ideal for experienced owners who are comfortable managing rent collection and the daily operations of their property. It’s also well-suited for those who plan to move back into their home within two years and want professional leasing support in the meantime.

The Management Only Option gives owners complete control over the marketing and tenant approval process while ensuring compliance with Fair Housing guidelines.

Once a tenant is approved, Coldwell Banker Rick Canup Realtors will generate and execute the lease and assume all day-to-day management responsibilities. This includes rent collection, coordinating repairs with tenants and vendors, paying vendors on behalf of the owner, and providing monthly owner statements and 1099 reporting for both owners and vendors.

This option is especially popular with parents who purchase investment properties for their children while attending college and lease additional rooms for rental income. It allows owners to select roommates they are comfortable with, while leaving the management, rent collection, and maintenance to us. Leases are often structured on a per-room basis and may include all bills paid to simplify living arrangements. We can customize the lease to fit your preferences.

In addition, we provide investment guidance by analyzing future purchases to ensure they align with your portfolio. We often accompany owners on showings to offer insight on rent potential and to recommend repairs or improvements that can maximize profitability.

This option is ideal for out-of-town owners who may not have a local network or for those managing multiple properties who prefer to focus on expanding their investment portfolio.

Mid-term rentals, minimum of 30 days, offer the perfect balance between short-term flexibility and long-term stability. They are ideal for traveling professionals, relocating families, medical staff, graduate students, and insurance clients who need comfortable, furnished housing for extended stays.

For property owners, mid-term rentals offer steady income, fewer turnovers, and lower wear and tear compared to short-term rentals, without the commitment of a year-long lease. It is an effective way to stay competitive in a crowded market while maintaining consistently occupied properties.

Coldwell Banker Residential Property Management handles marketing, leasing, tenant screening, and maintenance to make mid-term management simple and profitable. Your property will be advertised across major platforms, including MLS, Furnished Finder, Zillow, Apartments.com, and our professional website, to reach quality tenants quickly.

Contact us to discuss whether a mid-term or long-term strategy is right for your property.

For owners that own multiple properties, we can offer fee structures that add your bottom dollar and allow for growth in your portfolio. Monthly management fees are determined by gross rents scheduled to be collected and the average rent per unit. Gross rent minimums start at $7500 per month, and average rents must exceed $850 per month. Call our office to discuss your portfolio pricing.

Full Service

Minimum: $100 Monthly Management Fee | $500 Leasing Fee
10% Monthly Management Fee
  • Leasing Fee 50% One Month's Rent
  • Leasing Fee Waiver Eligible
  •  
  • Fees charges when applicable
  • 10% Service Fee
  • Late Fee Split 50/50
  • Tenant Renewal - $100
  • Lease Onboarding - $200 per lease
  • Quarterly Inspections - $35-$65 per inspection
  •  
  • Services Offered
  • Leasing
  • TAR and TAA Lease Preparation
  • Comprehensive Tenant Screening
  • Pet Screening (Coming Soon)
  • Marketing and Advertising
  • MLS Marketing and Participation
  • Preferred Maintenance Pricing
  • Self Scheduling and Self Showing Options
  • Monthly Accounting
  • Online Tenant and Owner Portal
  • Market Analysis
  • Portfolio Analysis
  • ACH Owner Distributions
  • Detail Accounting
  • Custom Reporting
  • 1099 Reporting and End of Year Statements
  • Quarterly Inspections
  • Move-In and Move-Out Video Inspections
Popular

Midterm Rental

Minimum: $100 Monthly Management Fee | Per Lease Fee
15% Monthly Management Fee
  • No Leasing Fee
  • $250 Admin Fee per booking
  •  
  • Fees charged when applicable.​
  • 10% Service Fee
  • Late Fee Split 50/50
  • Quarterly Inspections - $35-$50 per inspection
  •  
  •  
  •  
  • Services Offered
  • Leasing
  • TAR and TAA Lease Preparation
  • Comprehensive Tenant Screening
  • Pet Screening (Coming Soon)
  • Marketing and Advertising
  • MLS Marketing and Participation
  • Preferred Maintenance Pricing
  • Self Scheduling and Self Showing Options
  • Monthly Accounting
  • Online Tenant and Owner Portal
  • Market Analysis
  • Portfolio Analysis
  • ACH Owner Distributions
  • Detail Accounting
  • Custom Reporting
  • 1099 Reporting and End of Year Statements
  • Quarterly Inspections
  • Move-In and Move-Out Video Inspections
NEW

Leasing Only

Minimum: $100 Monthly Management Fee | $500 Leasing Fee
75% Of One Month's Rent
  • Leasing Fee 75% of One Month's Rent
  •  
  •  
  • Fees charged when applicable.
  • 10% Service Fee
  • Tenant Renewal - $250
  •  
  •  
  •  
  •  
  • Services Offered
  • Leasing
  • TAR and TAA Lease Preparation
  • Comprehensive Tenant Screening
  • Pet Screening (Coming Soon)
  • Marketing and Advertising
  • MLS Marketing and Participation
  • Preferred Maintenance Pricing
  • Self Scheduling and Self Showing Options
  • Monthly Accounting
  • Online Tenant and Owner Portal
  • Market Analysis
  • Portfolio Analysis
  • ACH Owner Distributions
  • Detail Accounting
  • Custom Reporting
  • 1099 Reporting and End of Year Statements
  • Quarterly Inspections
  • Move-In and Move-Out Video Inspections

Management Only

Minimum: $100 Monthly Management Fee | Per Lease Fee
10% Monthly Management Fee
  • No Leasing Fee
  •  
  •  
  • Fees charged when applicable.​
  • 10% Service Fee
  • Late Fee Split 50/50
  • Tenant Renewal - $100
  • Lease Onboarding - $200 per lease
  • Quarterly Inspections - $35-$65 per inspection
  •  
  • Services Offered
  • Leasing
  • TAR and TAA Lease Preparation
  • Comprehensive Tenant Screening
  • Pet Screening (Coming Soon)
  • Marketing and Advertising
  • MLS Marketing and Participation
  • Preferred Maintenance Pricing
  • Self Scheduling and Self Showing Options
  • Monthly Accounting
  • Online Tenant and Owner Portal
  • Market Analysis
  • Portfolio Analysis
  • ACH Owner Distributions
  • Detail Accounting
  • Custom Reporting
  • 1099 Reporting and End of Year Statements
  • Quarterly Inspections
  • Move-In and Move-Out Video Inspections

Management Fee and Leasing Fees are not charged when a property is vacant or if rent has not been collected.

Leasing Fee (Management Option and Leasing Only)
A leasing fee is earned when a new tenant has signed a new lease. The fee is charged and paid when the tenant takes possession of the property. Leasing fee amounts will depend on which option an owner is under. The minimum leasing fee is $500.

Leasing Fee Waiver
Our Fee waiver is for new construction homes that have never had an occupant. We will waive the leasing fee for the first tenancy. This will require a 10% management fee and a 2-year management agreement signed. This leasing fee waiver can be used with portfolio pricing packages. The management agreement of 10% will only be changed on the property that is getting the leasing fee waiver.

Monthly Management Fee (Management Option)
The standard monthly management fee is 10% of the collected rent. There is a minimum of $100 per property. No fees are paid when the property is vacant or if rent has not been collected. This fee will also apply to new properties for any back rents collected on behalf of the owner that we were not collected from the previous management company or if the owner self-managed the property. There is portfolio pricing for those owners who qualify.

Renewal Fee (Management Option and Leasing Only)
The Renewal Fee is charged with the renewal of a new lease with an existing tenant on the property they are currently occupying. The preferred renewal period is 12 months, but maybe less if there is an advantage to the owner and getting the property on a better leasing cycle. Management Options $100 renewal  | Leasing Only $250 renewal

Lease Onboarding (Management Option)
If we take over a property that is currently occupied, there will be a Lease Onboarding Fee of $200.00 per lease that is in place. We will send out the necessary documentation to tenants. We will enter their existing leases into our system and work with them on the transition. This fee also applies to future purchases an owner may make and then choose us to manage for them under the management agreement we have in place. If the property is vacant when we take over management, a Lease Onboarding Fee will not be assessed.

Utility Bill-Back Service Fee (Management Option)
10% of the utility bill or any other monthly service invoice if the respective services are being charged back to the tenant(s) to pay. No fee will be paid if the Broker does not have to bill back to the tenant for payment. The service fees are earned at the time the utility payment is made. This is not applicable for most single-family properties but for those that own properties where there is only one service meter and the owner wants to recover utility expenses. This Utility Bill-Back is passed to the tenant and is recoverable.

Service Charge Fee (Management Option and Leasing Only Option)
Each time Broker arranges for the Property to be repaired, maintained, redecorated, or altered as permitted by this agreement, the Owner will pay Broker a service fee of 10%. The service fees are earned when the repair, maintenance, redecoration, or alteration is made and are payable once the repair or alteration has been made. Typical repairs on single-family homes will average $500 per year. In a Leasing Only Agreement, the owner shall have the right to make their repairs, use their vendors, and coordinate their repairs.

Late Fee Split (Management Option)
 Late Fees collected from the tenant are split with the owner 50/50.  Late fees are paid first, and the remaining funds are applied to delinquent rent.

Quarterly Inspections
Quarterly inspections are not a fee but an actual expense to the owner. We help offset the owner’s cost so quarterly inspections can be performed. The cost will vary and depend on the number of AC filters the homes has.

Home Assist Fee
The home assist fee is a fee that is charged and collected from the tenant

No Stress No Obilgation Consultation

Set up a 15 minute meeting to see if we are the right fit for you. We specialize in property management services where owners want to be hands off. We know that we may not be for everybody, so if we know of another great company in Lubbock that may be a better fit we’ll let you know. 


Talk to Us About Your Property Needs

Still uncertain about property management? Give us a call to see if we can help.

806-784-3271