If the company that charges a flat rate of $100 also charges an initial setup fee of $300, a tenant placement fee equal to a month’s rent, and a 10% markup on repairs, you would spend $4,000 in a year for property management on top of the 10% markup on any repair costs. To demonstrate, let’s use the same example as above in a different scenario. Not to mention, the property manager’s motivation to maximize your earnings and the added fees for other services rendered. However, you also need to consider the quality of service and inclusions you pay for those fees. For example, if you rent your property for $2500 a month and find a property manager that charges a flat rate of $100 for a single-family home, it’s easy to think that you’re saving $50 a month as opposed to hiring a property manager that charges 6% of one month’s rent. Here are Poplar Homes’ management fees in the different regions of California: RegionĪt first glance, flat rates might seem more affordable for expensive properties. These fees typically include property maintenance, attending to the renter’s concerns, enforcing the leasing agreement, and collecting rent. Property management companies usually charge between 6-12% of one month’s rent depending on the services offered and the location of the property.
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