Property Management
Agents and brokerages offering property management, tenant placement, and rental market expertise.
Frequently asked questions
Property Management — Common Questions
What does a property management company do?
Property managers handle tenant screening and placement, rent collection, maintenance coordination, lease enforcement, move-in and move-out inspections, accounting and reporting, and compliance with landlord-tenant law. Full-service management allows owners to be completely hands-off.
How much do property managers charge?
Most residential property managers charge 8–12% of monthly rent for full management, plus a leasing fee of 50–100% of one month's rent when placing a new tenant. Some charge flat monthly fees. Commercial property management is typically 4–7% of gross rent.
When should I hire a property manager?
Consider professional management if you own multiple properties, live far from your rental, lack time for maintenance and tenant issues, have a challenging tenant history, or want to scale your portfolio without scaling your personal workload.
What should I look for in a property management company?
Key criteria: local market experience, responsive communication, transparent fee structures with no hidden costs, strong tenant screening process, established vendor relationships for maintenance, online owner portal with real-time reporting, and verifiable references from current clients.
