The first question that people often ask is – how much? How much does professional property management cost? Your management cost will depend on a number of factors, and we’re talking about those today.
Your Needs and SituationYour rental property management fees will depend on what you need from your property manager. You might need tenant placement or full service property management. You might need additional services, such as the payment of mortgages and taxes. We can customize our services to do what you need, and that will impact your price.
The average management fees will also depend on what type of property you have and how many properties you have. We will need to know your situation. Did you just buy the home and you are looking to rent it out because you aren’t moving to Florida for a few years? Have you become frustrated with trying to sell the property, so you’re going to leave it on the rental market for a while? When discussing fees and costs, we’ll need to know what the property is worth, what you need from us, and how we can help you. There is no one-size-fits-all pricing strategy.
Evaluate Your SavingsCompanies structure fees differently, so ask questions. You really want to know how much you’re going to save, not how much you’re going to pay. That is the most important thing. If I rent your place to a good tenant in 21 days, and another company rents it in 45 days, I have already put three weeks of additional rental income into your pocket.
Whoever you hire should look out for your best interests. You need a property manager who is a good communicator, professional, and willing to enforce the lease. A great manager will be able to show you the lease and tell you how you’re saving money. What we charge is variable, but what you save and earn is what matters.
If you have any questions about management fees or property management in Bonita Springs, please contact us at Encompass Property Management. We serve Bonita Springs, Naples, Estero, Fort Myers, Cape Coral, and Lehigh Acres.