FAQs

Property management companies typically charge three main fees:

Management Fee: This is a monthly fee, usually 8% to 12% of the rental income, covering the ongoing management and operational responsibilities of your property.

Leasing Fee: Charged when a new tenant is placed, this fee covers marketing the property, showing it to prospective tenants, and screening applicants. It is usually a one-time fee, often equivalent to one month's rent or a percentage of it.

Renewal Fee: This is a smaller fee charged when a tenant renews their lease. It compensates for the administrative work involved in drafting new lease documents and negotiating renewal terms, typically around 25% to 50% of one month’s rent.

Core services include tenant screening, lease administration, rent collection, maintenance coordination, property inspections, and handling any legal matters, such as evictions.

Property managers collect rent on behalf of the property owner, often through secure online portals for convenience. They follow up on any late payments and, if needed, initiate eviction processes in case of non-payment.

Tenant screening involves running background and credit checks, verifying employment, and reviewing rental history to ensure tenants are responsible and can meet the rental requirements.

Property managers coordinate repairs and maintenance requests, working with a network of reliable contractors to ensure timely and cost-effective solutions while maintaining the property in good condition.

Property inspections are performed during tenant move-ins and move-outs and periodically throughout the lease term to ensure the property remains in good condition and complies with local regulations.

If a tenant fails to pay rent, the property manager typically issues a notice to the tenant and follows the legal steps necessary for collection or eviction if the situation isn’t resolved.

A property management company handles all day-to-day operations of rental properties, such as tenant placement, rent collection, property maintenance, and legal compliance, ensuring your investment is managed professionally and efficiently.

Yes, property managers handle all aspects of the eviction process from issuing legal notices to facilitating the hiring of legal council to represent an owner in court, entering everything is done in compliance with local laws

Property management companies ensure your rental property complies with all federal, state, and local regulations, including fair housing laws, safety codes, and landlord-tenant laws, reducing your legal risks.