If you’re a landlord in Texas looking to hire a property manager, one of your top concerns is likely to be the cost of their services. Property management fees can vary widely, and it’s essential to understand what you’re paying for and how much it will cost you in the long run. In Texas, single-family property management fees can range from as low as $60 a month to as high as 10% of the monthly rent. In this blog post, we’ll break down the typical fees associated with property management in Texas and provide some valuable insights to help you make an informed decision.
Apart from the monthly management fee, there are often additional fees that property managers may charge. It’s essential to ask for a detailed breakdown of all potential fees before hiring a property management company. Some common additional fees include:
Leasing Fee: When a property manager finds a new tenant for your property, they may charge a leasing fee, which is typically a percentage of the first month’s rent. This fee can range from 50% to 100% of the first month’s rent, so it’s essential to clarify the terms with your potential property manager.
Lease Renewal Fees: If your current tenant decides to renew their lease, some property managers charge a fee for handling the renewal paperwork. This fee can vary from one manager to another, so it’s essential to inquire about it in advance.
Eviction Services Fee: In unfortunate situations where an eviction becomes necessary, property managers may charge additional fees for handling the eviction process.
At our property management company, we understand the importance of transparent and reasonable pricing. Currently, we charge a flat monthly fee of $100 per month. While some property managers may offer lower fees, it’s important to remember that quality service comes at a cost. Before hiring a property management company, always ask for a full list of fees they charge and carefully review their contract. Keep in mind that when selecting a professional management company, the lowest-priced option is not always the best choice for providing quality service.