As experts in Charlotte property management, we want to discuss a few things you should consider when you’re interviewing a management company. One of the questions that we hear most often is: how much do property managers charge? It’s important that you ask about a company’s fees and what they cover.
Property Management Charlotte: Fees and Costs
Property management fees vary from company to company. If you are quoted a low management fee, you’ll probably have a lot of additional fees that are charged to you outside of that management fee. These fees might include a lease renewal fee, a lease rewriting fee, an inspection fee, or even a marketing fee. All of these fees will add up and increase your property management cost.
Measuring the Cost of Property Management
It’s best to find a company that has all inclusive rates that cover all the services you need to efficiently manage your property. You want to understand what you’re getting versus what you’re paying for. The old adage you get what you pay for really comes into play, and you have to remember that rental properties are often the most valuable assets you have. It’s important that you work with a company that knows what they’re doing. You want a property manager who will treat that property as well as they would treat their own, and manage it to the best of their ability. That’s a service worth paying for.
These are just a few things to consider in terms of property management fees and costs when you’re hiring a management company. We are happy to tell you more about Charlotte area property management and what we can do for you. We are ready so please don’t hesitate to contact us at RE/MAX Gold.