Merced property management companies all have different ways of charging and collecting fees. What you pay will really depend on the type of property (or properties) you have, the list of services you need, and the fee structure of the company you’re considering.
There are a few common fees and traditional expenses that you’ll likely encounter no matter who you choose for property management. In this blog, we’re taking a look at what you’re likely to pay in the Merced rental market, and we’re also talking about what we charge at River Drive Properties. We believe in transparency, and we’ll always tell you exactly what we’re charging. There are no surprises.
Merced Property Management Fees at River Drive Properties
At River Drive Properties, our fees are very competitive for this market. Some of the owners we’ve talked to seem to expect they’ll receive property management services for free. That would be nice, but the experience and the value we provide will require an investment, and we’re confident that our fees will more than pay for themselves. We help owners earn more and spend less on their investments. We also provide peace of mind and high quality, full-service asset management.
We don’t charge a leasing fee. We also don’t charge any additional mark-ups or extra service fees for coordinating maintenance. This sets us apart from a lot of property management companies in Merced, and we’re proud of the value we provide. There are no extra inspection fees and no huge expenses for you to pay before we even have a tenant in place.
Our fee is simple: 9 percent of the rent we collect every month, after we’ve rented your property. It’s all-inclusive. That’s it. No extra fees. No surprises.
Merced Leasing and Management Fees Elsewhere
Other companies will charge a percentage of the rent that’s collected every month, and then they’ll also charge a separate leasing fee. That can sometimes be up to 60 percent of your first month’s rent.
Some companies offer flat rate fees, where you pay the same amount regardless of the rental price attached to your home. You need to know whether all the management services you need and expect are included, or if they will be extra. You may find a management company that charges a low monthly fee but then also charges for each inspection, every maintenance call, and each tenant phone call.
We have seen Merced property management companies charge extra fees like administrative fees, account set-up fees, technology fees, inspection fees, maintenance mark-ups, and bookkeeping fees. A management company may charge you every time you have to serve a notice or contact the tenant.
These can be really cost-prohibitive, and it’s unlikely that a management company will be completely transparent about these extra costs in the beginning. Make sure you know exactly what you’re paying and when you’re paying it.
If you’d like to hear more about our services and our fee schedule, please contact us. River Drive Properties provides effective and professional property management services in Merced and the surrounding areas including Fresno, Modesto, and Turlock. We have extensive experience with both single-family homes and multifamily properties.