How Much Does Property Management Cost?
Property management fees vary, depending on the type and size of your property. Some companies offer a flat fee structure. Although this might seem cheaper at first, these companies might not be as invested in optimizing your rental income. Some management companies charge a vacancy fee, which can range from half to a full month’s rent. This covers the costs of advertising, screening new tenants, and preparing the lease agreement. Costs of managing a single-family home There are a variety of property management fees, but they all depend on what services the company provides. For instance, if you only want them to collect rent and handle tenant issues, you’ll pay less than if you need them to advertise your property, conduct inspections, perform maintenance, and keep financial records for your taxes. Some companies charge a percentage of gross collected rent, while others have a flat fee per unit. The fee you pay will also depend on the type of property and its location. Tayside p...