Frequently asked

Owner questions, plainly answered.

Organized by topic. If your question isn't here, email Nikil@BalakrishnanGroup.com, we typically reply within a few hours during business days.

01Pricing & fees

Pricing & fees.

/01What's your fee structure?

Three tiers: Essential at 10%, Comprehensive at 12% (most popular), Premier at 15%, all percentages of collected rent (never charged on vacant months). New properties pay a one-time leasing fee equal to 50% of one month's rent. Existing tenanted properties skip the leasing fee.

Maintenance is billed at vendor cost with no markup. We issue 1099s to your vendors at year-end. Full pricing detail on the pricing page.

/02What if my tenant doesn't pay?

Our fee is calculated on rent we actually collect. If a tenant misses a month, we don't charge our fee on that month. This aligns our incentives with yours.

/03Are there hidden fees or markups?

No. Vendor invoice = your statement line. No technology fee, no portal fee, no renewal fee (on Comprehensive and Premier), no "miscellaneous" line items. Every dollar is traceable to a receipt.

/04Can I cancel?

30 days written notice, any time, for any reason. We'll do an orderly transition with no exit fee, no clawback. We'd rather lose the contract than fight to keep it.

02Leasing & tenants

Leasing & tenants.

/05How long does it take to lease a property?

Our portfolio average is 17 days from listing to signed lease. The Bay Area median for comparable 3–4 BR SFR is 32 days. Two things drive the gap: we re-comp every Monday, and we cluster showings into two windows per week to compress the decision timeline for serious applicants.

/06How do you screen tenants?

3-bureau credit check, employment verification (direct from employer), income at 3x rent minimum (verified via pay stubs or offer letter), and two prior-landlord reference calls. For applicants with non-traditional employment (founders, contractors), we accept bank statements + tax returns. Final decision is always yours.

/07What if a tenant stops paying?

Day 1 past due: automated reminder. Day 5: personal call from your portfolio manager. Day 10: formal 3-day pay-or-quit notice. Day 14: we coordinate with our eviction counsel if needed. Our 99.2% on-time collection rate exists because the first call comes from a human, fast, most issues resolve in 48 hours.

/08Do you handle properties with existing tenants?

Yes, most of our owner relationships start with a tenanted property. We do a tenant onboarding call, review the existing lease for compliance, and take over rent collection and maintenance dispatch. No disruption to the tenant; no leasing fee since we didn't place them.

03Maintenance

Maintenance.

/09How do you handle maintenance requests?

Tenants reach our 24/7 maintenance line directly, answered by a human within 30 minutes. Urgent issues (no heat, no water, leak, lockout) get dispatched within an hour. Non-urgent issues over $400 require your approval, texted to you with photo and vendor estimate before we authorize.

/10Do you mark up vendor invoices?

No. Vendor invoices flow through to your statement at exact cost. Plumber charges $184? You see $184 on your statement, with a link to the actual invoice in your owner portal.

/11Who are your vendors?

A vetted network of 34 licensed, insured vendors across plumbing, HVAC, electrical, roofing, landscaping, locksmith, and appliance repair. Pre-negotiated rates, average response time under 4 hours for non-emergency work.

04Compliance & legal

Compliance & legal.

/12Are you licensed?

Yes. We operate under California DRE license #01989487. Our designated broker has 18 years of Bay Area residential management experience. Trust accounts are audited annually by an independent CPA firm.

/13How do you handle AB 1482 and local rent ordinances?

We track AB 1482 effective rent caps per property (CPI + 5%, capped at 10%) and apply them automatically at renewal. For properties in Mountain View, we apply CSFRA for covered multi-family. For San Jose, we handle ARO for apartment buildings. For Redwood City, we manage just-cause eviction documentation.

/14How do you handle security deposits?

Strict CC §1950.5 compliance: deposit held in trust account, itemized accounting within 21 days of move-out, photo-documented condition record at move-in (which protects both sides).

05Reporting & taxes

Reporting & taxes.

/15What's the owner statement format?

One-page PDF on the 5th of each month. Income at the top, operating expenses below, net deposit at the bottom, clean and readable. Plus a digital ledger in your owner portal with every line item linked to its source receipt.

/16Do you handle year-end tax documents?

Yes, we deliver a Schedule E export by January 31, formatted to drop directly into TurboTax or your CPA's software. We also issue 1099s to your vendors on your behalf. For Premier-tier clients, we coordinate directly with your CPA throughout the year.

/17How does this work with a 1031 exchange?

We've worked alongside dozens of 1031 exchanges. We can produce rent rolls, vacancy reports, and verified income letters within 48 hours for your lender or QI. Bring your CPA and we'll loop them into reporting directly.

06Coverage

Service area.

/18What areas do you cover?

The Peninsula and South Bay, exclusively, 28 cities from Burlingame down through Gilroy. See our service area grid for the full list with live rent benchmarks.

/19Why don't you cover the East Bay or San Francisco?

We'd rather know two markets deeply than spread across the entire Bay Area. The East Bay and SF have different rent ordinances, different vendor networks, and different tenant profiles. Several quality firms cover those markets well, we'll refer you to them.

/20Do you manage multi-family or apartment buildings?

We specialize in single-family residences and small multi-family (2-4 units). For apartment buildings over 5 units, we have referral relationships with firms that focus on that asset class.

/21Do you manage short-term rentals or Airbnb?

No. We exclusively manage long-term residential leases (12-month minimum). Different business, different operational model, different tenant relationship. For short-term rental cohosting, there are several Bay Area specialists we can refer you to.

Still have questions?

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Office3080 Olcott St C140
Santa Clara, CA 95054
HoursMon–Fri · 9 to 6 PT