How Much Does Property Management Cost?

Property management is a vital function for home and property owners who lease their properties without dealing with the associated stress.  A property manager has the capability to oversee the rental and maintenance aspects of the property and effectively take care of various issues that may arise instead of the owner of the property having to deal with these issues.  Through property management, property owners can save their time and not need to stress out over the daily management of the property.

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How much does it cost?

  1. Management fee – 8% of the gross monthly rent (minimum of $80);
  2. One-time admin setup fee – $299;
  3. Tenant placement fee – $200; and referral fee – $300 (paid to referring agent)

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