How Does EPIC Charge?
EPIC charges a flat administrative fee of $1,000 for each client, paid on the closing statement at the time the client purchases the property. EPIC then pays a net rental amount to the client based on the fair market value for the particular property. EPIC calculates this net rental based on the potential sub-lease rent, taking into consideration expenses such as taxes, insurance, maintenance, vacancy set-asides and management costs. However, EPIC bears the risk of not getting paid–your client gets the same rent check each month regardless of whether or not the occupant pays, and regardless of the expenses. Your client will receive a fixed, net rental payment with no deductions or expenses. EPIC then guarantees a repurchase of the property upon your client’s death. The amount of that repurchase varies on a case by case basis, but can be as much as 100% of the original investment.
