While Bonus guarantees that you will never make an out-of-pocket payment to us, a one-time transaction fee of 1.75% is charged at the time of your equity pay out. This amount is based on your current assessed home value.
Good news - the tenant covers all of the ongoing fees and financial obligations for the duration of our partnership. Bonus uses the rental income to cover all of your existing financial obligations on the house (mortgage, taxes, insurance, etc.) and the Bonus platform fee.
The annual Bonus platform fee is 2% of the house’s value at the time of investment and is deducted from the rental income on a monthly basis. Through this fee, Bonus takes over all financial obligations of the house and guarantees to never return to you to ask for money during our partnership no matter what repairs or other costs are needed at the property. Outside of repairs and financial obligations, the platform fee also handles all aspects of managing the property fee, such as finding a new tenant, tenant placement, tenant requests and communication, general maintenance coordination, eviction costs, payment of all bills, covering expenses beyond the cash generated by the property, and overall management of the rental property.
The remainder of the rent, after these expenses are met, is what constitutes your recurring bonus.