{"id":122773,"date":"2023-10-25T19:06:07","date_gmt":"2023-10-25T19:06:07","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/what-do-property-management-companies-charge-to-handle-your-rental\/"},"modified":"2023-10-25T19:06:07","modified_gmt":"2023-10-25T19:06:07","slug":"what-do-property-management-companies-charge-to-handle-your-rental","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/what-do-property-management-companies-charge-to-handle-your-rental\/","title":{"rendered":"What do property management companies charge to handle your rental?"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/what-do-property-management-companies-charge-to-handle-your-rental\/#What_do_property_management_companies_charge_to_handle_your_rental\" title=\"What do property management companies charge to handle your rental?\">What do property management companies charge to handle your rental?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/what-do-property-management-companies-charge-to-handle-your-rental\/#How_do_property_management_companies_determine_their_fees\" title=\"How do property management companies determine their fees?\">How do property management companies determine their fees?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/what-do-property-management-companies-charge-to-handle-your-rental\/#Are_there_additional_fees_on_top_of_the_monthly_percentage\" title=\"Are there additional fees on top of the monthly percentage?\">Are there additional fees on top of the monthly percentage?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/what-do-property-management-companies-charge-to-handle-your-rental\/#Can_I_negotiate_the_management_fee_with_a_property_management_company\" title=\"Can I negotiate the management fee with a property management company?\">Can I negotiate the management fee with a property management company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/what-do-property-management-companies-charge-to-handle-your-rental\/#Is_it_worth_it_to_hire_a_property_management_company\" title=\"Is it worth it to hire a property management company?\">Is it worth it to hire a property management company?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/what-do-property-management-companies-charge-to-handle-your-rental\/#What_happens_if_my_property_doesnt_get_rented_out\" title=\"What happens if my property doesn&#8217;t get rented out?\">What happens if my property doesn&#8217;t get rented out?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/what-do-property-management-companies-charge-to-handle-your-rental\/#Do_property_management_companies_handle_evictions\" title=\"Do property management companies handle evictions?\">Do property management companies handle evictions?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/what-do-property-management-companies-charge-to-handle-your-rental\/#Do_property_management_companies_charge_for_maintenance_and_repairs\" title=\"Do property management companies charge for maintenance and repairs?\">Do property management companies charge for maintenance and repairs?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/what-do-property-management-companies-charge-to-handle-your-rental\/#How_do_property_management_companies_handle_security_deposits\" title=\"How do property management companies handle security deposits?\">How do property management companies handle security deposits?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/what-do-property-management-companies-charge-to-handle-your-rental\/#Can_I_switch_property_management_companies_if_Im_not_satisfied\" title=\"Can I switch property management companies if I&#8217;m not satisfied?\">Can I switch property management companies if I&#8217;m not satisfied?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/what-do-property-management-companies-charge-to-handle-your-rental\/#Do_property_management_companies_provide_accounting_and_financial_reports\" title=\"Do property management companies provide accounting and financial reports?\">Do property management companies provide accounting and financial reports?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/what-do-property-management-companies-charge-to-handle-your-rental\/#Can_property_management_companies_help_me_increase_my_rental_income\" title=\"Can property management companies help me increase my rental income?\">Can property management companies help me increase my rental income?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/what-do-property-management-companies-charge-to-handle-your-rental\/#Do_property_management_companies_handle_legal_issues_with_tenants\" title=\"Do property management companies handle legal issues with tenants?\">Do property management companies handle legal issues with tenants?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_do_property_management_companies_charge_to_handle_your_rental\"><\/span>What do property management companies charge to handle your rental?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Property management companies typically charge a percentage of the monthly rent collected from the property. The exact percentage can vary, but it is usually around 8-12% of the monthly rent.<\/p>\n<p>Property management companies provide a valuable service for landlords who don&#8217;t want to deal with the day-to-day operations of managing a rental property. They take care of tasks like finding and screening tenants, collecting rent, handling maintenance issues, and more. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_property_management_companies_determine_their_fees\"><\/span>How do property management companies determine their fees?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nProperty management companies base their fees on a variety of factors, including the size and location of the property, the services provided, and the local rental market. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Are_there_additional_fees_on_top_of_the_monthly_percentage\"><\/span>Are there additional fees on top of the monthly percentage?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIn addition to the monthly management fee, property management companies may charge additional fees for services like tenant placement, maintenance coordination, and eviction proceedings. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_I_negotiate_the_management_fee_with_a_property_management_company\"><\/span>Can I negotiate the management fee with a property management company?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, it is possible to negotiate the management fee with a property management company. Some companies may be willing to lower their percentage or offer a flat fee based on the services provided. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Is_it_worth_it_to_hire_a_property_management_company\"><\/span>Is it worth it to hire a property management company?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhether or not it is worth it to hire a property management company depends on your individual situation. If you have multiple properties or live far away from your rental property, it can be worth the cost for the convenience and peace of mind. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"What_happens_if_my_property_doesnt_get_rented_out\"><\/span>What happens if my property doesn&#8217;t get rented out?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf your property doesn&#8217;t get rented out, you may still be responsible for the monthly management fee. Some property management companies offer guarantees or incentives to find tenants quickly, so it&#8217;s important to discuss this before signing a contract. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_property_management_companies_handle_evictions\"><\/span>Do property management companies handle evictions?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, property management companies can handle the eviction process on behalf of the landlord. They will follow the local laws and procedures to ensure a smooth and legal eviction process. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_property_management_companies_charge_for_maintenance_and_repairs\"><\/span>Do property management companies charge for maintenance and repairs?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nProperty management companies may charge for maintenance and repairs on top of their monthly management fee. It&#8217;s important to clarify what services are included in the management fee and what will incur additional charges. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"How_do_property_management_companies_handle_security_deposits\"><\/span>How do property management companies handle security deposits?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nProperty management companies typically hold security deposits in a separate account and return them to tenants based on the condition of the property at the end of the lease. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_I_switch_property_management_companies_if_Im_not_satisfied\"><\/span>Can I switch property management companies if I&#8217;m not satisfied?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, you can switch property management companies if you are not satisfied with the service. Be sure to review your contract to understand any fees or requirements for termination before making a switch. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_property_management_companies_provide_accounting_and_financial_reports\"><\/span>Do property management companies provide accounting and financial reports?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, property management companies provide accounting and financial reports to landlords on a regular basis. These reports detail income, expenses, and any maintenance or repairs that were done on the property. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Can_property_management_companies_help_me_increase_my_rental_income\"><\/span>Can property management companies help me increase my rental income?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nProperty management companies can help you increase your rental income by setting competitive rental rates, attracting and retaining quality tenants, and maintaining the property to attract higher-paying tenants. <\/p>\n<h3><span class=\"ez-toc-section\" id=\"Do_property_management_companies_handle_legal_issues_with_tenants\"><\/span>Do property management companies handle legal issues with tenants?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, property management companies can handle legal issues with tenants, including lease violations, evictions, and disputes. They have experience navigating landlord-tenant laws and will ensure that all legal matters are handled properly. <\/p>\n<p>In conclusion, property management companies charge a percentage of the monthly rent collected from the property to handle the day-to-day operations of managing a rental property. The exact percentage can vary, but it is typically around 8-12% of the monthly rent. It is important to carefully review the services provided and any additional fees before entering into a contract with a property management company.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>What do property management companies charge to handle your rental? Property management companies typically charge a percentage of the monthly rent collected from the property. The exact percentage can vary, but it is usually around 8-12% of the monthly rent. Property management companies provide a valuable service for landlords who don&#8217;t want to deal with &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"What do property management companies charge to handle your rental?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/what-do-property-management-companies-charge-to-handle-your-rental\/#more-122773\">Read more<span class=\"screen-reader-text\">What do property management companies charge to handle your rental?<\/span><\/a><\/p>\n","protected":false},"author":22,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-122773","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What do property management companies charge to handle your rental?<\/title>\n<meta name=\"description\" content=\"What do property management companies charge to handle your rental? 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