Property Management Fees
Property management is comprised of two aspects: (1) lease-up or rental aspect, and (2) ongoing management aspect. We are confident that our fees are competitive, especially when one accounts for level of service and value we provide.
Lease-Up
In the lease-up phase, the property manager markets the property in order to secure a qualified tenant. At 24 Hour Property Management, this includes taking professional photos, marketing the property to over 850 real estate websites and social media, showing the property, thoroughly screening applicants, writing and executing the lease and disclosures, and collecting the deposit and rent at move in, among other things. Our standard for lease-up fee is 35%-50% of one month’s rent with a minimum and maximum charge of $595 and $1995, respectively.
Ongoing Property Management
During ongoing management, the property manager handles everything so that the property owner can concentrate on other aspects of his or her life. At 24 Hour Property Management, this includes taking all the tenants calls, facilitating repair requests, rent collection, paying tax withholdings for out of state investors, and keeping books for each property. Our standard property management fee is 6% of gross monthly rent. However, this rate may be reduced based on number of doors or other factors.
Contact 24 Hour Property Management, Inc.
We’ve helped hundreds of investors rent properties over the years and we know we have extremely competitive fees and would love an opportunity to discuss it with you. If interested, you can reach us seven days a week at 949-409-8585 or you can check us out on the web at 24hourpm.com.