The fee varies from company to company and highly depends on where you live. Generally, you can expect to pay commissions as low as 4% in some areas and as high as 15% in others.
Categorie: Common FAQ
Property managers coordinate for repairs while the owner pays for all the repairs and maintenance.
For a month to month tenancy, the notice period must be of at least 30 days.
While it is not impossible to find a tenant at any time of the year, January to February and June to August are the peak periods for home owners to find potential tenants.
Tenants are evaluated on the basis of their previous rental history, criminal histories, credits scores and employment status.
It should take from a few days to up to 6 weeks.
The best way to get your tenants to pay rent on time is to make the payment process easier, for instance: online transactions. If that doesn’t help, enforcing late fees usually encourages tenants to pay rents on time.
A property management company has access to multiple vendors with expertise in the area of repair and maintenance.
A typical lease agreement is as long as 12 months, while it can be negotiated to 6 months or less to suit both the parties.
The rent can be raised at the renewal of the lease agreement, if the market conditions allow.