04 Nov What Should I Expect to Pay for Property Management Services?
Whether you own one property or several, there’s no way around the need to hire a reliable property management company. But, what can you reasonably expect to pay for services? While the lowest rates may be attractive, cutting corners can have detrimental effects.
Assess your requirements.
How much do you want to be involved in the day-to-day of managing your investment? For many, “as little as possible” is the answer. Find a company that can offer a contract catered to your goals. You want a human-to-human relationship that gives you the confidence to know that things are covered no matter what.
10% is a typical fee.
Fees will vary depending on the marketplace, but across America, most companies charge somewhere in the range of ten percent. Keep in mind the managers’ expenses in addition to what you require as far as deliverable services. For adequate oversight, manpower will factor in heavily. Be prepared to pay for what you expect.
Professional management services will offer a variety of pricing plans to fit your needs. A flat monthly fee will cover basic services, but most companies will pro-rate for additional optional services.
Here at 1836 Property Management our team has their boots on the ground to keep your investment operating smoothly and safely. Whether you seek a $99 flat monthly rate or are looking for optional programs such as enhanced maintenance, enhanced inspections, or eviction protection, we have it covered. No more worries about tenant issues or unforeseen emergencies. You can rest assured that everything is under control so you can minimize your risk and maximize your return on investment.
To get your properties under the wing of Austin’s premier property management company, contact us.
By: Matt Leschber, 1836PM Founder