factual
How often is the Casiola Property Management System (PMS) fee charged?
Casiola Franchise · 2024 FDDAnswer from 2024 FDD Document
| account by ACH or other means we designate. | |||
| Property Management System (PMS) | Currently $40 per month, per active rental property and subject to increase | Monthly on the first Thursday of each month | Monthly license for property management system. Payable to us or supplier as we designate. |
Source: Item 6 — OTHER FEES (FDD pages 12–18)
What This Means (2024 FDD)
According to Casiola's 2024 Franchise Disclosure Document, the Property Management System (PMS) fee is charged monthly. The current fee is $40 per month for each active rental property, but this amount is subject to change.
The PMS fee is due on the first Thursday of each month. This fee is a monthly license fee for the property management system and is payable to Casiola or a designated supplier.
As a franchisee, it's important to factor this recurring monthly fee into your operating expenses for each rental property you manage. Keep in mind that Casiola reserves the right to increase this fee, which would further impact your profitability.
Disclaimer: This information is extracted from the 2024 Franchise Disclosure Document and is provided for research purposes only.
It does not constitute legal or financial advice. Consult with a franchise attorney before making any investment decisions.