Phoenix Management helps rental property owners find renters and charges the owners one-half of the first month's rent for this service. For August 2019, Phoenix expects to find renters for 100 apartments with an average first month's rent of $920. Budgeted cost data per tenant application for 2019 follow . Professional labor: 1.5 hours at $20.00 per hour . Credit checks: $61.00 Phoenix expects other costs, including the lease payment for the building, secretarial help, and utilities, to be $4100 per month. On average, Phoenix is successful in placing one tenant for every three applicants. Actual rental applications in August 2019 were 270. Phoenix paid $8,700 for 390 hours of professional labor. Credit checks went up to $66 per application. Other costs in August 2019 (lease, secretarial help, and utilities) were $4,700. The average first monthly rentals for August 2019 were $1.020 per apartment unit for 90 units