Property Management Fees

Property Management Fees and Structures

Hiring a property management company can be more cost-effective than anticipated, particularly when you consider the benefits of receiving monthly rent checks without the time commitment of managing a property. The cost of hiring a property manager will vary based on your specific needs, the type of property you own, and its location. Below are some standard fee structures:

Percentage of monthly rent: If you choose a full-service property management company, you will likely pay a percentage of the monthly rent. This percentage can range from 5-15%, with 8-10% being common. You only pay this fee when your unit is rented out.

Flat-fee: For larger properties, property managers often charge a flat fee each month, regardless of how many units are occupied. Property managers typically use this fee structure when managing your property will require a significant amount of their time and resources.

Project-based: Property managers commonly charge project-based fees when providing specific services. For instance, if you hire a property management company to fill a vacant property, you might pay a fee equivalent to one month’s rent.

Brokers International Property Management is the best choice for managing your income property for several reasons.

First, we have extensive experience in the industry and have helped countless property owners achieve success in their investments. Our team of property managers is highly skilled, knowledgeable, and trained to handle every aspect of property management, ensuring that you can achieve the highest possible returns on your investment.

Secondly, we offer a wide range of services that cover every aspect of property management, including setting the right rental rates, marketing and advertising your property, finding and managing tenants, managing vendor relationships, ensuring compliance with housing regulations and property laws, and maximizing the profitability of your investment.

We understand that every property is unique, which is why we take a customized approach to each of our clients. We work closely with you to understand your specific needs and goals, and tailor our services to help you achieve them. This means that you can be confident that we are always working in your best interests and will do everything we can to ensure that your investment is a success.

Finally, our fees are competitive and represent excellent value for the services we provide. We charge a percentage of your property’s monthly rental rate, which is typically 6-10%. This means that you can enjoy the benefits of professional property management without having to pay exorbitant fees.

Overall, if you are looking for a reliable, experienced, and customer-focused property management company, Brokers International Property Management is the best choice. We are committed to helping you achieve your investment goals and ensuring that your property is a success. Contact us today to learn more about our services and how we can help you.