Cost of PM

HOW MUCH DOES IT COST TO WORK WITH A PROPERTY MANAGER?

The cost of working with BellMan Properties LLC varies by the investor and location. The average cost is usually between 8% – 12% of the property’s overall monthly rental income.

Besides a percentage-based management fee, you might also pay the following costs to work with a property manager:

Maintenance fee: Maintenance costs are part of managing a property, whether you’ve hired someone to help or not. We charge a fee to cover the costs of monthly repairs that we take care of for tenants, while others may be billed based on the incident. In either case, BellMan Properties LLC may also charge for service calls handled by incident. However, we will also work with any maintenance team you already have in place for a small fee or no fee, depending on the situation.

Leasing fee: BellMan Properties LLC charges a leasing fee (also known as a new tenant placement fee) to cover the costs of marketing and showing your property to potential tenants.  This can include the costs to market the property, manage applications and tenants, and move-in costs as well. Like the other fees, this might be charged as a flat fee or a percentage of monthly rent.