Property Management Cost

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Evaluate professional property management company fee structures: monthly percentage (8-10%), tenant placement fees, lease renewal fees, and maintenance markups.

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Property Management Cost

Evaluate professional property management company fee structures: monthly percentage (8-10%), tenant placement fees, lease renewal fees, and maintenance markups.

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Management Contract Details

True Annual Cost of Management

Total Annual Management Cost
$3,252.00 /yr
Effective 10.4% of Gross Revenue
Base Monthly Fee (8.5%)$221.00/mo ($2,652.00/yr)
Amortized Leasing Fee$400.00/yr
Maintenance Oversight Markup$200.00/yr
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Most property management companies charge between 8% and 10% of monthly collected rent for single-family homes, and 6% to 8% for multi-family apartment buildings.
A tenant placement fee compensates the manager for marketing the listing, conducting showings, screening applicant credit and background checks, and executing the lease.
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