Key Takeaways
Property management fees typically range from 8% to 12% of monthly rent but may include additional charges for leasing, renewals, and maintenance.
The total cost depends on factors like location, property type, and level of service.
At Golden Properties, we aim to provide full-service support that protects your investment and simplifies your experience as a landlord.
Hiring a property management company can be a smart move for rental property owners, but many hesitate due to one important question: How much does property management actually cost?
At Golden Properties, we understand the importance of knowing exactly what you’re paying for and what kind of value you’re getting in return.
The cost of professional property management varies depending on your location, the type and size of your property, and the services you need. Below, we break down the typical fee structures and what to expect when working with a company like ours.
Understanding Property Management Fees
Property management fees are generally structured in two ways: flat fees or percentage-based fees.
A flat fee is a fixed monthly charge regardless of your rent amount. A percentage-based fee, on the other hand, is calculated as a portion of the monthly rent collected. Most companies, including ours, charge between 8% and 12%, though this range can vary depending on your market and property type.
Some companies, including Golden Properties, also offer tiered pricing options depending on the number of units you own or the level of service you select. For example, a full-service package that includes leasing, maintenance, inspections, and legal compliance will cost more than a basic rent collection package.
Common Types of Property Management Fees
There are many different types of property management fees that a property owner will need to navigate when hiring a property management company.
Let us guide you through a few of them.
Leasing Fee
This is charged when a new resident is placed. It typically covers marketing the unit, showing the property, screening applicants, and preparing the lease.
Typical Range: Half to a full month’s rent
Setup Fee
Some companies charge a one-time setup fee for onboarding. This may include an initial inspection, system integration, and setting up reporting tools.
Typical Range: Modest, one-time charge
Lease Renewal Fee
When a resident renews their lease, a renewal fee may apply to cover updated documentation, inspections, and negotiations.
Typical Range: Lower than a leasing fee; often a flat amount or small percentage
Maintenance Markup
If the property manager handles repairs, they may charge a markup on vendor costs. This markup covers the coordination and oversight of the work.
Typical Range: Varies; should always be clearly disclosed
Eviction Fee
If an eviction is necessary, companies may charge for handling court filings, legal processes, and property follow-up.
Typical Range: Varies based on complexity
Vacancy Fee
Some companies charge a management fee while a unit is vacant, especially if they’re still providing services like maintenance or showings. However, many firms only charge when rent is being collected.
Factors That Affect Property Management Costs
Several variables influence how much you’ll pay for property management:
Location: Fees tend to be higher in competitive, high-demand markets.
Property Size and Type: Larger or more complex properties often require more time and oversight.
Service Level: Full-service management costs more but offers greater value and convenience.
Condition of the Property: Older or high-maintenance properties may result in higher costs due to more frequent repairs.
Company Reputation and Experience: Well-established companies may charge more, but they typically offer better systems, support, and resident retention.
Are Property Management Fees Worth It?
While it might seem like a significant expense, many landlords find that professional property management pays for itself through reduced vacancies, better residents, and fewer costly mistakes.
At Golden Properties, our clients often tell us how much easier their investments have become thanks to our ability to handle day-to-day tasks like rent collection, maintenance coordination, and resident communication. We also ensure that your property stays compliant with local housing laws, which helps protect you from liability.
The Hidden Value of Professional Management
Beyond the basic services, a good property manager brings experience and peace of mind. We help enforce lease agreements, resolve disputes professionally, and stay up to date with evolving legal requirements.
At Golden Properties, we also provide detailed financial reporting that makes tax time easier and helps you track your property’s performance more accurately. With our vendor relationships, we can often secure better pricing and faster service for repairs and maintenance.
Why Work With a Property Management Company?
If you’re trying to decide whether to hire a property manager, consider your priorities. Do you want to save time? Minimize stress? Improve your rental income?
We handle the entire process, including:
Marketing your rental.
Screening and placing qualified residents.
Collecting rent.
Managing repairs and inspections.
Navigating legal compliance.
Whether you’re a first-time landlord or an experienced investor, Golden Properties can provide the systems, support, and local expertise to help you succeed.
Bottom Line
Property management costs can vary, but the right partner offers value far beyond the fees. By understanding what you’re paying for and how it benefits your investment, you can make confident decisions about how to manage your property.
At Golden Properties, we’re not just here to collect rent. We’re here to protect your investment, maximize your income, and help you scale your portfolio with confidence.
Contact us today to find out how we can support your rental property goals.
Disclaimer: This article is for informational purposes only and does not constitute legal, financial, or tax advice. Please consult a licensed professional for advice specific to your situation.
