What are the fees on Realbricks?
Investing with Realbricks comes with a few key fees that ensure the seamless operation and management of your investments. These fees are designed to cover platform maintenance, property oversight, and essential management services while keeping the process transparent and straightforward.
Here’s an overview of the three primary fees:
- Platform Fee: $2.50 per buy or sell order.
- Assets Under Management (AUM) Fee: A quarterly fee of 0.75% of the property's original purchase price.
- Property Management Fee: A monthly fee of 8% of gross rental income.
In the sections below, we’ll break down these fees in detail, explaining their purpose, how they are calculated, and how they are applied to your investment.
1. Platform Fee
What is the Platform Fee? The Platform Fee is a flat rate of $2.50 applied to every buy or sell order on Realbricks. This fee helps maintain and enhance the platform, ensuring a seamless and secure experience for all users.
Services Covered by the Platform Fee:
- Platform Maintenance: Ensures Realbricks remains up-to-date with the latest features and platform improvements.
- Transaction Processing: Covers costs related to securely processing your transactions.
Payment Method: The Platform Fee is automatically applied at the time of executing any buy or sell order, making it a straightforward and transparent part of your investment process.
2. Assets Under Management (AUM) Fee
What is the AUM Fee?
The Realbricks AUM Fee is a quarterly assessment of 0.75% of the property's original purchase price. This fee is designed to cover essential services that ensure your investment is effectively managed and operated.
Services Covered by the AUM Fee
- Tax Preparation: Ensures that all tax-related matters are handled professionally, maximizing compliance and potential tax benefits.
- Investor Support: Provides ongoing assistance and information to help you make informed decisions about your investment.
- Property Management Oversight: Guarantees that the property management team operates efficiently and effectively, enhancing property value and returns.
Payment Method
The 0.75% AUM fee is automatically deducted from the rental income generated by the property at the end of each financial quarter. This streamlined approach eliminates the need for separate invoices, simplifying financial management for investors.
3. Property Management Fee
What is the Property Management Fee?
The Property Management Fee is a monthly charge of 8% of the gross rent collected. This fee is deducted from the rental revenue and covers the operational expenses required to maintain and manage the property efficiently.
Services Covered by the Property Management Fee
- Operational Expenses: Includes costs related to upkeep, repairs, and general management of the rental unit.
- Management Partner Compensation: Paid to the professional property management company responsible for day-to-day operations.
Payment Method
The 8% fee is automatically deducted from the monthly gross rental revenue, similar to the AUM fee. This approach ensures that your cash flow is managed efficiently without requiring additional payments from your pocket.
Importance of These Fees
The fees on Realbricks are structured to cover essential services that ensure the effective management of your investment properties. While these fees impact your net returns, they are critical for:
- Maintaining property value.
- Handling operational expenses.
- Providing seamless platform support.
The fees on Realbricks are structured to cover essential services that ensure the effective management of your investment properties. While these fees impact your net returns, they are critical for maintaining property value, handling operational expenses, and providing seamless platform support.
Commitment to Transparency
Realbricks is committed to providing clear and detailed information about fees to help investors make informed decisions. Every fee is outlined with its purpose and method of deduction, ensuring you have a full understanding of how your investments are managed.
For more personalized assistance, please contact Support@realbricks.com or schedule a meeting here with a Realbricks representative.