No Hidden Fees. No Surprise Charges.

Here's exactly what you pay and what you get.

Simple, transparent pricing—aligned with your property's performance. We keep our pricing straightforward and aligned with your success—so you always know what you're paying and why. Here's our complete fee structure, designed so you can underwrite it, compare it, and understand exactly what's included.

Our Management Fee Structure

Our management fee is based on building type, size, and complexity. A percentage-based fee aligns incentives: as we help grow rents responsibly within market conditions, both you and the company benefit.

Property Type Typical Management Fee Notes
Single-family homes ~10% Higher operational cost per unit - more hands-on attention required
Small multifamily buildings 5–6% Mid Tier - operational cost per unit
Larger multifamily portfolios As low as 2.95% Economies of scale at higher unit counts

If you own a single, small apartment building in Seattle, you should expect your fee to be in the middle of that range.

Larger properties generate economies of scale that allow managers to operate more efficiently—hence the lower percentages as unit count increases.

What the Management Fee Covers

The monthly management fee is for ongoing property operations and oversight. This fee reflects the day-to-day work required to operate the building responsibly, maximize cash flow, and reduce owner risk.

Included in Monthly Fee

  • Monthly owner reporting
    Financial statements and activity summaries
  • Regular property walks
    Focused on life-safety, deferred maintenance, and liability reduction
  • 24/7 emergency maintenance
    On-call coordination for urgent issues
  • Compliance with Seattle rental regulations
  • Online portal access
  • Lease enforcement
  • Annual Reporting
    Prepared for your CPA

Billed Separately

  • Leasing services
    Half of one month's rent, with a $1,000 minimum. Includes market analysis, advertising across 20+ rental sites, showings, thorough screening, and move-in coordination.
  • Lease renewal fee: 25% of one month's rent
  • Per-unit resident manager fee currently $36.75 per unit per month
    If the property does not already have an on-site manager (we specialize in team management for small buildings). If the building already has a resident manager, we can work with the existing manager and not charge this fee.

Separating these costs keeps the base management fee predictable and allows owners to clearly see what they are paying for.

This fee reflects the day-to-day work required to operate the building responsibly, maximize cash flow, and reduce owner risk.

No Hidden Markups on Vendor Invoices

We do not add hidden markups to standard vendor invoices. What the vendor charges is what you pay—nothing hidden. Any project management or construction oversight fees for larger capital or renovation projects will be clearly outlined and agreed upon in advance.

  • Maintenance coordination included in base fee - no markups on vendor invoices
  • Legal eviction fees passed through at cost with no coordination markup
  • Regular property inspections conducted as part of routine building walks

Industry context: Some property management companies add 10–20% markups to vendor invoices as a “coordination fee.” While a 10% fee is common industry practice, we believe maintenance coordination should be included in the base management fee. Any project management fees for larger capital or renovation projects will be transparently discussed and agreed upon in advance.

How to Think About Fees

Our fee structure is designed so owners can underwrite it, compare it, and understand exactly what they're getting. No surprises or hidden markups.

A percentage-based fee aligns incentives: As we help grow rents responsibly within market conditions, both you and the company benefit. This structure rewards performance, not just occupancy. A flat fee, while predictable, removes that alignment.

Transparent additional services: Some services fall outside day-to-day management - leasing new tenants, placing resident managers for larger buildings, or managing major capital projects. These are billed separately with clear pricing agreed upon in advance, so you can budget accurately and understand exactly what you're paying for.

Why Transparent Fees Matter

We value trust and transparency. Apartment owners need to model their cash flow accurately. Vague fee structures or surprise charges make that impossible.

Our approach is simple:

  • Base management fee is predictable and percentage-based
  • Services (leasing, resident manager, maintenance) are billed separately and clearly
  • No markup on standard vendor invoices (you see actual costs)

Common Questions About Fees

No. We do not add hidden markups to standard vendor invoices. Owners see what the vendor charges, nothing hidden. While some companies in the industry add 10–20% coordination fees to maintenance invoices, we believe coordination is part of our core management service and include it in the base fee.
No setup fees or onboarding charges. While some companies charge $200–$500 for initial property audits and system setup (which is a reasonable industry practice), we believe in earning our fee through ongoing service, not charging upfront for administrative work that should be part of proper onboarding. For complex transitions or properties requiring extensive documentation work, we'll discuss any costs upfront.
Leasing services are billed separately at typically 50–100% of one month's rent, with a $1,100 minimum. This covers market analysis and rent pricing, professional marketing across 20+ rental sites, showings, appointment scheduling, application processing, thorough screening (credit, income, rental history, background), lease preparation, and move-in inspection and coordination. The percentage-based model aligns incentives: your manager earns more when they achieve higher rents, which benefits both parties.
Renewals are significantly simpler than new leases. We charge $250–$500 or 10–25% of one month's rent (depending on property size) to handle negotiation and paperwork. This is far lower than a full leasing fee because we're retaining a good resident, not finding a new one.
Legal eviction fees are passed through at cost with no additional coordination markup. In Seattle, where tenant protections are extensive, experienced eviction handling is genuinely valuable—we navigate the complex process and ensure compliance. But we don't add fees on top of the legal costs you're already paying.
Move-in and move-out inspections are standard and included in our service—these protect your asset and should not be extra charges. We also offer periodic inspections (quarterly, biannual, or annual) as an additional value-add service. Regular inspections beyond move-in/out help catch maintenance issues early, verify lease compliance, and document property condition. Pricing depends on property size and inspection frequency.
Yes. Every property is different. We're happy to walk through your building, discuss your goals, and provide a clear proposal outlining exactly what the fee structure would look like in practice.
For buildings around 40 units and larger, a dedicated resident manager typically makes sense. They handle day-to-day building access, vendor coordination, small projects, and resident communication—keeping issues from becoming maintenance tickets. For smaller buildings, owners take different approaches—whether it's someone they know and trust, someone they've trained, or purposefully no one. If your building needs a resident manager and doesn't have one, expect $35–50 per unit per month depending on scope of work.

Get a Custom Quote for Your Building

If you'd like a building-specific quote, we're happy to walk through your property, your goals, and what the fee would look like in practice.

Why Residents love Renting with WPM

  • “This has been one of the best apartment move-in experiences I’ve had. It’s been so easy, friendly, and welcoming. Thank you!” — Preston Apts Resident
  • “Your team is super speedy. Super nice and sorted out several matters perfectly.” — Minor Tower Resident
  • “Always so impressed with our maintenance experiences. He was so quick and everything’s working great now!” — 70th Apartments
  • “Great property manager, super kind and easy to work with whenever we needed something!” — 1525 53rd Resident
  • “The maintenance team went above and beyond. I asked them to unclog the bathroom sink, and while there they noticed some other things in the bathroom that needed maintenance and fixed them as well. I also appreciated the text before and after entering the apartment.” — Oswego Resident
  • “I have nothing but excellent things to say about the maintenance team! Everyone is great and keeps me in the loop. Keep up the great work!” — Pickering Place Resident
  • “The property manager was professional and a pleasure to work with. The move-in process was extremely simple and he was available and responsive to call/text. We look forward to living in this community.” — 2237 Apts Resident
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