Transparent pricing
Transparent, flat-fee pricing.
No hidden fees, no percentages of your rent, and no surprises. You only pay for the services you need — and everything we don't cover is listed on this page rather than discovered later.
Single Family, Townhouse, Condo
$109
per unit, per month
Your day-to-day operations, financial tracking and compliance — handled professionally.
- 24/7 access to our property management portal, for you and your tenants
- Online rent collection routed directly to your bank account
- 24/7 maintenance coordination — your approval required on every repair
- Late-rent follow-up, with the correct notices served on time
- Financial reporting: monthly, quarterly and annually
- Security deposit handling, accounting and refund statements
- Tenant and HOA communication management
- Utility tracking and lease enforcement coordination
- Deadlines and requirements tracked for your specific city
- A named broker you can call during business hours
No card required and no obligation. We do not charge this fee while your property is vacant.
Tenant placement & lease drafting
$499
one-time, only when you need it
Securing your asset with rigorous screening and documentation built to hold up.
- Professional listing content — optimized marketing copy you paste straight into Zillow or the platform of your choosing
- A custom application QR code you hand to prospects at the showing; they scan it and our system takes over
- Online application processing
- Rigorous tenant screening — background, credit and eviction history
- Mandatory pet and assistance animal screening
- Asset-protection lease drafting, tailored to Washington State
- The full addendum stack prepared for your situation, including Lead-Based Paint, Mold, Bed Bug, Crime-Free, Smoke-Free, HOA Rules, Pet & Assistance Animal, Guarantor (Co-Signer), Roommate, Septic Tank, Cooling Device, Satellite Dish, Deposit Payment Schedules and Military clauses
How it works: you keep control of publishing the listing and running the showings, which is what keeps this a flat fee instead of a leasing commission. We arm you with the listing text and your QR code — once a prospect applies, screening, compliance and paperwork are entirely ours.
Lease renewal drafting
$299
only when a tenant renews
Keep a good tenant and maximize your return without the paperwork.
- Annual rental market update and rate analysis
- Rent increase calculated within Washington State legal limits
- The new lease agreement and updated addendums drafted and executed electronically
Apartment or multi-property pricing
Custom quote
Discounts for multiple properties
With an apartment building or several properties the per-door rate can come down from $109 — it never goes up. Tell us how many doors and we'll put a number on it.
- Every package on this page available at every door you hold
- Per-door management rate reduced at scale
- One point of contact across the whole portfolio
Or call 206-580-3737 · Monday – Friday, 7:00 AM – 3:00 PM PT
Already a client? Pay your monthly fee →
What the $109 a month covers
- Online rent collection — paid directly to you, never through us
- Late-rent follow-up with the correct notices served on time
- 24/7 maintenance intake from tenants
- Vendor dispatch and coordination — invoices passed through at cost
- Your approval required on every repair, at any amount
- Deadlines and requirements tracked for your specific city
- Security deposit handling, accounting and refund statements
- Itemized statements on demand — monthly, quarterly or annual
- Records formatted so your accountant does not send them back
- HOA correspondence and utility coordination
- 24/7 portal access for you and your tenant
- A named broker you can call during business hours
What it does not cover
Listed here rather than buried in a contract, because this is what owners are actually caught out by. The first two have a price on this page; the rest are not ours to do.
- Finding and placing a tenantPriced separately at $499, and only when a unit actually turns over. Screening, the lease and the addendum stack are real work with a real cost, so they sit in their own package rather than being spread across every owner's monthly bill — including the ones whose tenant has been in place for six years.
- Lease renewals and rent increases$299 when a tenant renews. Market analysis, a rent increase calculated inside Washington's legal limits, and the new lease and addendums drafted and signed.
- Listing and marketing your vacancyAdvertising an empty unit is a local, hands-on job. You run it, or an agent of your choosing does. We hand you the listing copy as part of placement, and we take over the moment someone responds.
- Physical showingsYou or your on-site representative opens the door. Everything behind the showing is ours.
- In-person inspectionsAvailable through a third-party inspector we coordinate; billed at their cost.
- Eviction filing and court representationThat is legal work. We prepare and serve the notices correctly, handle the administrative coordination, then work alongside your attorney.
- Repair costsPassed through at the vendor’s actual invoice. We add nothing.
Comparing us against someone specific? We have written honest side-by-side pages for Ziprent, Hemlane and Doorstead, including where each of them is the better choice.
From owners who worked with us
“It has been such a great experience working with Hamid and the Palace Property Management! …”
“We've been working with Palace Property Management for a few months now, and so far it's been a really smooth experience. Hamid, our property manager, has been great to work with—super prompt with replies and always follows up quickly on any questions or issues. What I appreciate most is his ethical and thorough approach to finding tenants—he doesn't cut corners and makes sure everything is done right.
He's also incredibly dedicated—available seven days a week, often responding late into the night if something comes up. It's clear he takes his job seriously but also makes it easy for us as a landlord. Managing a rental property can come with its fair share of headaches, but Hamid's professionalism and responsiveness have definitely made things less stressful. Would recommend if you're looking for someone reliable to manage your property.”
Pricing questions
When would I actually pay the $499 or the $299?
Only when the matching thing happens. The $499 placement fee applies when a unit turns over and you need a new tenant screened and a lease drafted. The $299 renewal fee applies when a sitting tenant renews and the lease has to be redrawn with a rate change. An owner whose tenant stays put and does not renew in a given year pays neither, and an owner with a long, stable tenancy can go years paying nothing but the $109 a month. Both are quoted before any work starts — neither can appear on a bill you did not agree to.
Is the $499 a leasing commission?
No, and the difference is the whole point of the number. The industry standard for tenant placement is a percentage of rent, often half a month or a full month — on a $2,800 house that is $1,400 to $2,800, and it rises every time your rent does. Ours is $499 flat on any unit at any rent. It is that low because you keep the two most expensive parts: publishing the listing and running the showings. We do the screening, the lease, the addendum stack and the compliance work, which is the part where getting it wrong is costly.
Are there hidden maintenance markups on vendor invoices?
No. You are billed the vendor’s invoice, at the vendor’s price. A markup on repairs is common in this industry and it quietly reverses the saving of a flat fee — a 10% coordination markup on $6,000 of annual repairs is $600, which is most of a year of our management fee.
Is there a setup fee, onboarding fee or cancellation fee?
None of the three. Onboarding is included, and you can cancel with 30 days' written notice at any time — no exit fee, no minimum term, and we will hand your records to whoever takes over. If your property arrives with a tenant already in it, there is nothing to pay beyond the monthly fee until that lease comes up for renewal.
Does the monthly price change if I add more units?
Not upward, ever. $109 per unit, per month is the published rate and it is the most you will pay per door at any portfolio size. Deliberately not a base platform fee plus a per-unit charge — that structure looks cheap on the pricing page and scales badly once you hold five or twenty doors, which is the point at which owners usually notice. A duplex is $218 a month and a fourplex is $436. If you hold several properties or an apartment building, message us: the per-door rate can come down from there, and we would rather quote it properly than print a number that does not fit your building.
What if my unit is vacant?
The monthly fee pauses. We do not list or show units, so an empty one needs almost nothing from us — charging you for it would be charging for work we are not doing. It restarts when a new tenancy begins. Worth being straight about the sequence though: a vacancy is usually also when a $499 placement becomes due, because that is when a new tenant has to be screened and a lease drafted. So a turnover costs you a one-off rather than nothing at all. Note that a percentage-based manager also earns nothing on a vacant unit, which is precisely why some of them are in a hurry to fill it.
Can you spend my money on a repair without asking me?
No. Every repair needs your approval, at any amount — there is no threshold below which we act on our own, not even fifty dollars. It means you get asked about small things, which some owners find surprising at first. The trade is that you never open an invoice you did not agree to, and the vendor’s price is the price, because we add no markup and take no referral fee.
How do I actually pay you?
The monthly fee is card on file, billed through Stripe. Placement and renewal fees are one-off charges raised at the point the work is agreed, so they never arrive unannounced. Your rent is not involved in any of it — because it never passes through us, we cannot and do not deduct anything from it. Your tenant pays you, and you pay us.
Do you hold my rent?
No. Your tenant pays you directly and rent never enters our company account. It is never pooled with other owners' funds, never delayed by our banking, and never exposed if anything happened to us. We set up the payment channel, watch that rent lands, and act immediately when it does not.
Why is the monthly fee so much cheaper than a percentage manager?
Because a percentage was never tied to the work. Managing a $4,000 unit is not twice the work of managing a $2,000 unit, but a percentage charges you twice as much for it. Removing the office and the storefront overhead took out the cost that justified the rest. The same logic is why placement is a flat number rather than a slice of the rent.
See the number for your property
Send us the address and current rent. We'll tell you what we'd charge, what a percentage manager would charge, and whether switching is actually worth it for you.