Читать книгу Property Management Kit For Dummies - Robert S. Griswold - Страница 60

The typical professional management fees for single-family homes and individual rental condominiums are 8 to 10 percent of the collected income, with an additional fee earned each time the unit is rented. The rental fee can be a flat fee that ranges from $250 to $500 or a percentage of the monthly rental rate, such as 50 to 100 percent. If the rental home or condo has a high rental value, the management fee is often lower, in the range of 6 to 8 percent.

When a property manager considers how much to charge you, they typically look at the following pieces of information:

 The amount of time required to manage the property: An experienced property management company owner knows the average number of hours the property manager, accounting staff members, and other support personnel will spend each month on managing your property. Then the company calculates a management fee schedule that should generate the fees necessary to provide the resources to manage your rental units properly and effectively. If you have large rental properties, management fees typically don’t include the services of an on-site manager, superintendent/maintenance technician, or caretaker; these employees are paid separately and are always an owner expense.

 The size, location, condition, and expected rental collections of the property: Generally, the larger the rental property, the lower the management fee as a percentage of collected income. Fees vary by geographic area and by the income potential of the rental unit, with a higher-end rental property commanding a lower-percentage management fee. For certain properties that may be difficult to manage, the company may have higher management fees or additional charges for certain types of services or for a certain period of time. Management companies may also propose charging a minimum monthly management fee or a percentage fee (opting for whichever of the two is greater). A property that’s in poor physical condition and needs extensive repairs and renovations, for example, requires the property manager to spend extra time supervising the improvements. This additional time requires additional compensation for the property manager.

Try to find a company with a management fee that’s a percentage of the collected income. This kind of fee strongly motivates the company to keep rents at market rate and collect them on time.

Never pay a management fee based on the potential income of a rental unit — only on actual collected income. The potential income is not as important as the collected income. You want your property manager to only get paid when you receive income.