One of the first questions investors ask when considering partnering with a management company is: how much does it cost to hire a property manager? And the answer is, it depends. Depending on what services you’re looking for, the price of a quality property manager will vary. This is why it’s important to determine the value they’ll bring to your business.
In the resources below, you’ll learn how to determine the value of a property management company, whether it’s a worthwhile investment for your business, and how to determine if you’re getting the best deal for your property management services.
Can Landlords Save Money with a Property Management Company?
Many landlords worry about the cost of hiring a property management company. But when you hire the right property manager, the partnership will end up saving you money, not costing you. In this article, learn exactly how working with the right property management company can save you money on everything from legal costs, repairs, and reduced vacancies.
Read More: How Landlords Can Save Money with a Property Management Company
How Do You Know If A Property Management Company Is Worth The Cost?
When it comes to hiring a property management company, you want to know it’s a worthwhile investment: that the juice is worth the squeeze. But how, exactly, do you know when it’s worth it to invest in a property management company – and when it’s more advantageous to just manage things on your own? Here’s how to calculate the cost of managing your own properties vs. the cost of hiring a management company to do it for you so you can see, dollar for dollar, which is the best choice for you.
Read More: Is a Property Management Company Worth It? How to Calculate the Cost
How Much Time Does It Takes To Manage Multiple Rental Properties?
Like the old saying goes, time is money. And the more rental properties you add to your portfolio, the more time you’ll need to devote to managing them – and trust us, it’s more time than you think. Learn exactly how much time it takes to manage three rental properties – and how you can use a property management company to get that time back.
Read More: How Much Time Does It Takes To Manage 3 Rental Properties?
What’s A Fair Amount To Pay For Full-Service Property Management?
In life and in business, we always want to feel like we’re getting a fair deal. But if you’ve never hired a full-service property management company before, you might not know what “fair” looks like. Here’s what you can expect for the costs of full-service property management so you don’t have to worry you’re getting the short end of the stick when it comes to fees.
Read More: Full-Service Property Management Fees: What’s Fair?
Are There Any Property Management Fees You Should Never Pay?
When you work with a property management company, there are some fees that are just the cost of doing business. But there are other fees that, while some companies may try to pass off as standard, are actually completely unnecessary. We’ve outlined six property management fees you should never pay – and if your property management company says otherwise, it’s time to start looking for a new property management partner.
Read More: 6 Property Management Fees You Should Never Pay
What Should You Look For When Evaluating Property Management Rates?
When you get a proposal from a property management company, you want to make sure their rates are fair and offer the kinds of services you need to be successful with your properties. But if you’re not sure what to look for, how can you evaluate their rates? Here are six questions you should ask when evaluating property management rates to ensure that your property management company is the best fit for you and your business.
Read More: 6 Questions You Should Ask When Evaluating Property Management Rates