405 Rentals & Investors Realty is a property management firm focused on residential rentals across the Oklahoma City metro area, handling tenant placement, lease enforcement, maintenance coordination, and rent collection for individual landlords and small investment groups. The company operates at a scale suited to owners with one to twenty properties rather than institutional portfolios, positioning it between DIY management and corporate-scale operations that typically require 50+ units.
The firm serves landlords in Oklahoma City proper and suburbs including Edmond, Norman, and Mustang. It does not manage commercial properties, multifamily complexes, or HOA-governed homes. The focus is residential single-family homes and duplexes, with pricing and service models built around owners who rent out one or more properties but lack in-house staff to handle tenant screening, maintenance calls, or eviction paperwork.
Management fees typically range from 8 to 12 percent of monthly rent, depending on the lease term, number of properties, and local market rent. At the lower end, a property renting for $1,200 per month would cost $96 to $144 per month in management fees. The firm charges upfront placement fees (usually one month's rent or a flat fee ranging from $300 to $600) when screening and placing a new tenant, separate from ongoing management. Maintenance coordination carries no markup on repairs under $500; larger work is often bid out to licensed contractors, with the company taking a 15 to 20 percent administrative fee.
Verify current fees and any seasonal variation by contacting the firm directly, as rates adjust with market conditions and contract terms.
Larger national platforms like Zillow Rental Manager and rent.com handle listings and payment processing but leave screening, maintenance, and evictions to the owner. PMI Oklahoma City (part of the national Property Management Inc. franchise) manages 3,000+ units across the city and typically requires 30+ properties for a competitive rate; it suits portfolio investors but applies more rigid processes. 405 Rentals operates with fewer properties per account manager, meaning more direct communication and flexibility for owners with three to eight rentals. Lone operators advertising on Craigslist or local Facebook groups are cheaper (often 5 to 7 percent) but lack legal liability insurance, business continuity, and tenant screening accreditation. The tradeoff is responsiveness and accountability; 405 Rentals' pricing sits in the middle because it bundles compliance, screening, and 24-hour maintenance dispatch without requiring a 50-property minimum.
Choose 405 Rentals if you have multiple properties and want hands-off management with professional tenant screening. Use a listing-only platform if you do your own vetting and maintenance coordination. Go with a national franchise if you own 30+ units and want standardized, insurance-backed operations.
405 Rentals is built for landlords with two to fifteen properties who want to avoid tenant calls at midnight and do not have time for credit checks and lease enforcement. It fits owners who live out of state but own Oklahoma City rentals. It does not suit owners who want to manage tenants directly and only need a rent-collection conduit (use Zillow or Stripe for that). It is not designed for owners of properties subject to strict HOA rules, since the company does not navigate HOA compliance as a core service. It also does not serve tenants; all relationships are with owners.
An initial consultation covers property details (address, current rent, tenant status), ownership structure (individual, LLC, trust), and any existing lease terms. The firm will request tax records and prior lease agreements if a tenant is already in place. If the property is vacant, 405 Rentals handles marketing (listing photos, online posting), tenant applications, background and credit checks (at $40 to $75 per applicant), and lease drafting. Move-in occurs after verification and a signed lease; the owner receives a welcome packet with fee schedules and maintenance request procedures. The first month typically includes a setup fee, management fee prorated to move-in date, and any placement charges.
405 Rentals operates Monday through Friday 9 a.m. to 5 p.m. Central Time, with a separate after-hours maintenance hotline for tenant emergencies (water leaks, heating failure, security issues). The office is located in Oklahoma City; most business is handled by phone, email, or the owner portal (online rent payment, maintenance requests, expense reports). Properties are inspected quarterly, with reports and photos provided to the owner. No in-person visit is required to open an account; many owners sign documents electronically.
405 Rentals & Investors Realty fills a genuine gap in Oklahoma City's rental market: it is professional enough to handle compliance and screening but small enough to know individual properties and owners by name, making it a practical choice for the growing number of OKC landlords who prefer delegation over DIY management.
