Property managers typically charge a monthly management fee ranging from about 6% to 12% of the rent collected, with 8% to 10% being common for standard residential properties
. This fee usually covers services such as tenant screening, rent collection, maintenance coordination, and communication with tenants
. Additional fees that property managers may charge include:
- Initial setup or account setup fee: often between $300 and $500 but sometimes waived
- Tenant placement or leasing fees: commonly 25% to 100% of one month’s rent, with 50% being typical
- Lease renewal fees: typically $150 to $300
- Maintenance fee markups: 2% to 10% of maintenance costs, though some companies do not charge this
- Eviction fees: usually $500 to $1,200 or more, covering legal processes
- Vacancy fees: small monthly fees (e.g., $50 to $100) charged when the property is vacant
For Airbnb or short-term rental property managers, fees tend to be higher, often between 15% and 25% of rental income, and can go up to 40% in some cases
. In summary, expect to pay around 8-12% of monthly rent for typical property management services, plus potential additional fees depending on the company and services required. Always review the contract carefully to understand all fees and services included
