With our company we typically charge a 9% fee off the monthly rent when there is a tenant in the property, if the home is vacant we do not charge our monthly fee. As for charging the 1st month of rent, we only do this is there is a need to place a tenant in the vacant property. Our management company advertises vacant properties on the MLS (advertisies to other realtors). The reason for the charge is to disburse commissions to a Realtor that brings a client, as well as cover the marketing costs. If we begin managing a property that has a existing tenant, we do not charge the first month of rent. Only the typical management fee.
Additionally, we give our clients the option of letting our company find a tenant, or they can use a Realtor they have selected. If they choose the latter, we only handle the rental management responsibilities.
If you are a very busy person, sometimes it is worth the fees to hire a management company. Especially if there is ever a need for speedy maintenance repairs, or beginning an eviction process with a delinquent tenant. hlittleton
With our company we typically charge a 9% fee off the monthly rent when there is a tenant in the property, if the home is vacant we do not charge our monthly fee. As for charging the 1st month of rent, we only do this is there is a need to place a tenant in the vacant property. Our management company advertises vacant properties on the MLS (advertisies to other realtors). The reason for the charge is to disburse commissions to a Realtor that brings a client, as well as cover the marketing costs. If we begin managing a property that has a existing tenant, we do not charge the first month of rent. Only the typical management fee.
Additionally, we give our clients the option of letting our company find a tenant, or they can use a Realtor they have selected. If they choose the latter, we only handle the rental management responsibilities.
If you are a very busy person, sometimes it is worth the fees to hire a management company. Especially if there is ever a need for speedy maintenance repairs, or beginning an eviction process with a delinquent tenant. hlittleton