One of the most common questions for landlords and investors is: How much does a professional property manager cost? Today, we’re talking about what professional management fees look like in this area. When you’re shopping for property management in Fort Myers, remember to compare services as well as prices so you know what you’re paying for.
Monthly Management Fee
The first fee and the most common fee you can expect is the monthly management fee. This is either a percentage of the monthly rental rate or a flat fee. It’s charged from your rent every month, and it pays for the ongoing management and the day to day operations involved in caring for and protecting your investment.
Lease Up Fee
The lease up fee is only charged the first month. It’s usually 50 percent or 100 percent of the first month’s rent. You only have to pay for it when a new tenant is being placed in your rental property. It covers the cost of your property manager showing the home, screening potential tenants, and marketing the property.
Property Inspection Fee
You can also run across a property inspection fee. There may be voluntary inspections offered by your management company that you can sign up for. These might be conducted semi-annually or quarterly to make sure no damage is being done to your home while a renter is in place.
Maintenance Mark Ups
Some companies will charge a maintenance mark-up fee. This is a cost that’s added to your maintenance bill, and it covers the cost of the property manager scheduling maintenance appointments, meeting with vendors at your property, and other repair-related activities.
If you have questions about Fort Myers property management or the costs associated with these services, please contact us at Real Property Management Rental Direction. We service Naples, Fort Myers, and the local Lee and Collier county areas, and we’d be happy to help you.