How much do property management services cost?

The minimum management fee is $85 per month or eight percent (8%) of the rental amount, whichever is greater. In addition to the monthly management fee, an owner should expect $495 total costs per each new tenancy for advertising, lease-up referral commissions, photo tours, and move-out and move-in home inspections. Use of the Multiple Listing Service (MLS) is optional and costs from $100 to three percent of the gross lease amount for a “success” commission that is charged only after a tenancy is executed.

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