Does Foundry Property Group manage rental properties directly?

No. Foundry does not manage properties directly. Foundry vets, selects, and places professional property management partners in each market where it operates. Foundry monitors PM performance on an ongoing basis and is accountable for management quality.

How does Foundry select property management partners?

Foundry evaluates PM partners against six specific performance criteria: tenant screening rigor, average days to lease, maintenance response time, owner reporting quality, rent collection rates, and experience managing properties for international owners.

What happens if my property manager is not performing well?

Foundry addresses PM performance issues directly. If a management partner is not meeting standards, Foundry intervenes. If the issue cannot be resolved, Foundry transitions the property to a different management partner in the same market. The investor does not have to manage PM problems from overseas.

How much does property management cost for a rental home in Houston, DFW, or Tampa Bay?

Management fees typically range from 8 to 10 percent of monthly collected rent, plus a leasing fee of 50 to 100 percent of one month's rent for tenant placement. Foundry provides a full fee breakdown before the investor selects a property.

Property Management for International Investors

Q: What if my tenant stops paying rent?

The PM partner handles late notices, tenant communication, and payment plan negotiations. If the situation escalates, the PM coordinates the eviction process through local courts. Eviction timelines vary by state: Texas is generally 30 to 45 days, Florida can take longer.

The Model

Why Foundry places management instead of providing it directly.

Property management for rental homes in Houston, Dallas-Fort Worth, and Tampa Bay requires local expertise. The PM partner needs to know the submarket's tenant pool, the competitive rent range within a specific school district, the licensed contractors who will show up on time, and the local regulations that govern tenant-landlord relationships. That knowledge has to be local.

Foundry's value is not in providing that local expertise directly. It is in knowing how to evaluate it. The principal behind Foundry has managed over 2,100 residential properties across multiple US states. That experience means we know what separates a good PM from a mediocre one before the first tenant moves in. We know what to look for in their screening process, their maintenance dispatch workflow, their owner reporting, and their rent collection performance.

When you invest through Foundry, you are not handed a list of management companies and told to pick one. Foundry has already done the work. We place your property with a partner we have vetted, and we stay involved to make sure the relationship is producing results. If it is not, we step in. That is the difference between a referral and accountability.

How we evaluate management partners

Foundry scores PM partners across six performance dimensions before placing any investor's property with them.

Tenant Screening Rigor

Credit check, employment and income verification, rental history with prior landlord contact, criminal background check. We review the PM's actual screening criteria and rejection rates, not just their marketing claims.

Leasing Speed

Average days from listing to executed lease. A PM that takes 45 days to fill a unit in a market where 21 days is normal is costing the investor money. We track this across our portfolio.

Maintenance Response

Time from tenant maintenance request to dispatch, and dispatch to resolution. We evaluate whether the PM uses licensed contractors, their authorization thresholds for repairs, and how emergency calls are handled after hours.

Owner Reporting

Monthly statements must include rent collected, any deductions, maintenance invoices with photos, and net owner disbursement. We review sample reports before placing any property. An overseas investor should never have to ask what happened to their rent.

Rent Collection Rate

What percentage of rent is collected on time, and what is the PM's process when rent is late? We evaluate their late notice procedures, payment plan policies, and eviction filing timelines. Consistent collection is the foundation of the investment.

International Owner Experience

Has the PM managed properties for overseas owners before? Can they communicate across time zones? Do they understand that the owner may not be reachable by phone at 2pm Central? This matters more than most investors realize until it becomes a problem.

What your management partner handles

Once placed, your PM partner is responsible for the day-to-day operations of your rental property. Here is what that includes.

Tenant Screening and Placement

Marketing the property, showing it to prospective tenants, running applications through credit, employment, and background checks, and executing the lease agreement.

Rent Collection and Disbursement

Collecting rent from the tenant, deducting management fees and any approved expenses, and disbursing the net amount to the owner's US bank account on a set monthly schedule.

Maintenance Coordination

Receiving tenant maintenance requests, dispatching licensed contractors, authorizing repairs within pre-set thresholds, and providing photo documentation and invoices for completed work.

Monthly Financial Statements

Delivering a monthly owner statement showing rent received, any deductions, maintenance costs with supporting documentation, and net disbursement amount.

Lease Renewals

Evaluating market conditions before each lease expiration, recommending renewal terms and rent adjustments, negotiating with the tenant, and executing the renewal agreement.

Move-Out and Turnover

Conducting move-out inspections, processing security deposit returns or claims, coordinating make-ready repairs, and re-listing the property for the next tenant.

Compliance and Eviction

Handling lease violations, issuing notices, and managing the eviction process through local courts if necessary. All actions comply with state and local landlord-tenant law.

Year-End Tax Documentation

Providing 1099 forms and annual income/expense summaries for the property, which the investor's CPA uses to prepare the US tax return.

Typical fee structure

Management fees vary by market and PM partner. These are the typical ranges across Foundry's three markets.

Fee Type	Typical Range	Notes
Monthly Management Fee	8 to 10% of collected rent	Deducted from rent before disbursement
Leasing / Tenant Placement Fee	50 to 100% of one month's rent	Charged when a new tenant is placed
Lease Renewal Fee	$0 to $300	Some PM partners do not charge for renewals
Maintenance Markup	0 to 10%	Applied to contractor invoices, varies by PM
Eviction Coordination Fee	$250 to $500	In addition to court costs and attorney fees

Foundry provides a complete fee breakdown from the PM partner before you commit to a property. All fees are accounted for in the financial projections we provide. There are no hidden costs.

Foundry's Role

What happens when management is not working.

Most investment companies hand you a property manager and move on. If the PM underperforms, you are on your own to diagnose the problem, find a replacement, and transfer the property. From another country. In a different time zone. With no local knowledge.

Foundry stays in the loop. We monitor PM performance across our portfolio and take action when something is not right.

Foundry identifies the issue

Through portfolio-level monitoring, investor feedback, or direct observation. Common issues include slow leasing, poor communication, inflated maintenance costs, or late owner disbursements.

Foundry addresses it directly with the PM

We communicate the specific performance gap, the expected standard, and the timeline for correction. This is not a polite suggestion. It is a performance conversation backed by the volume of properties we place with that partner.

If the issue is not resolved, Foundry makes a change

We transition the property to a different PM partner in the same market. Foundry coordinates the management transfer, lease assignment, and tenant communication. The investor does not have to manage this process.

Ongoing monitoring continues

The new PM is held to the same standards. Foundry's accountability does not expire after the initial placement. It is ongoing for as long as the investor owns the property.

Property management questions

Common questions from international investors about property management through Foundry.

Does Foundry manage rental properties directly?

No. Foundry does not manage properties directly. Foundry vets, selects, and places professional property management partners in each market where we operate. The principal behind Foundry has managed over 2,100 properties nationally, which is why we can evaluate PM quality at a level most investors cannot. We monitor PM performance on an ongoing basis and are accountable for management quality.

Can I choose my own property manager instead of using Foundry's partner?

Yes. Foundry's PM placement is a service, not a requirement. However, we strongly recommend our vetted partners because we have already evaluated them against six performance criteria, and we can only monitor and intervene on PM performance when the property is placed with a partner in our network.

How often will I receive reports on my property?

Monthly. Every PM partner in Foundry's network delivers monthly owner statements that include rent collected, any deductions or expenses, maintenance invoices with documentation, and the net amount disbursed to your US bank account. Year-end tax documentation is provided annually.

What if my tenant stops paying rent?

Your PM partner handles late notices, communication with the tenant, and payment plan negotiations. If the situation escalates to eviction, the PM coordinates the legal process through local courts. Foundry monitors these situations and ensures the PM is acting promptly. Eviction timelines vary by state: Texas is generally faster (30 to 45 days), Florida can take longer depending on the county.

How much does property management cost?

8 to 10 percent of monthly collected rent, plus a leasing fee of 50 to 100 percent of one month's rent for new tenant placement. Some PM partners charge additional fees for lease renewals ($0 to $300) or maintenance coordination. Foundry provides a complete fee breakdown before you select a property, and all fees are included in the financial projections.

We do not manage your property. We are accountable for who does.