Property Owner Resources

The primary thing to understand about management fees is that they differ drastically from place to place and company to company. Nevertheless, property management companies usually impose a national average of 5-12% of the monthly rent collected.

This is an excellent place to begin, but it only tells part of the narrative. It is vital to evaluate a company’s charges for its services—in other words, what you really get for your money, not just how much it costs.

Most property managers use the fees they charge to subsidize the expenditures of marketing and advertising for new tenants, collecting rent payments, tenant screening and verifications, replying to tenant requests and concerns, processing maintenance requests and repairs, running regular inspections, giving legal paperwork such as leases and notices of violation, and offering other administrative duties.

When considering the cost of a property management company, you need to keep in mind that they can ask for a fixed fee or a fee calculated as a percentage of rents collected. But these and other services may or may not be counted for all property management companies, so it’s advisable to peruse the terms and conditions and ask numerous questions before employing one.

Each day your property is vacant is money out of your pocket. Shorter vacancy times easily offset professional management costs. We spend thousands of dollars every month advertising our vacancies to fill them faster.

Your property is advertised on high-traffic rental and classified websites. Our experienced leasing agents respond promptly to inquiries and advise prospective tenants on details about the property, and show your home in the best possible light. Our search engine placement is very high. Additionally, we advertise on local websites targeting the most sought-after residents in our area as well as Facebook and other social media platforms.

Generally, the advertising cost is included in the set-up cost. However, if the owner has specific requests, such as creating custom video content, that may require additional funding efforts.

Our marketing program and leasing services are second to none. Backed by a national marketing team with brand exposure nationally and internationally. That being said, leasing is a fluid process with many variables including asking price, local inventory levels, and seasonal factors. Our goal is to find a qualified applicant within 30 days.

Ultimately the rental market. We will make a rent recommendation to you based on our market analysis of your property and the current market conditions. You will determine the final rent prior to advertising the property.

The owner pays for maintenance and repairs unless, in rare cases, the tenant has agreed to assume responsibility.