By RPM Central Valley
Do you own rental properties in Stockton, CA or the surrounding area? If so, you’ve probably been wondering what property management costs and if you should consider it.
These are excellent questions to ask because, continuing to manage rental properties yourself will take more time from your day and keep you from building the portfolio of rental properties that you want.
In this article we will break down what property management costs so you will know what to expect if you decide to hire a Central Valley Property Management company.
How Much Does Property Management Cost?
Property Management Fee
When searching for a property management company one common thing you will see is that each property management company charges a fee to manage their client’s rental properties.
The average property management fee can range from 4% to 12% of the monthly rent so it’s best to be prepared for this because, in the end the fees that you pay will affect your monthly cash flow but the time that’s freed up from hiring a property management company will be worth it because, hiring a property manager will save you the time, money and hassle of managing a rental property yourself.
What Other Fees Can You Expect?
Although most property management companies don’t charge extra fees, some do, and depending on the company you choose the fees you can expect to pay include:
- Set Up Fee – This fee is typically about $300.
- Leasing Fee – Most companies charge between 25% and 50% of the first month’s rent.
Before hiring a property management company in Stockton CA or elsewhere in the Central Valley, make sure that you clarify with them what the property management fees are and you should also verify with the company what the fees are in their contract just so there’s no confusion about when the fees are expected to be paid.
Get Property Management Here
For professional property management in the Central Valley contact RPM Central Valley today by calling us at (209) 572-2222 or click here to connect with us online.