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Match with a trusted property manager

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Frequently asked questions

It's generally a great investment to hire a property manager if you have more than one rental property, live far from your property, or are looking for someone to take care of the regular operating tasks of managing your property — like marketing your vacancies, screening tenants, maintaining the property, and calling in for any emergency repairs from reputable contractors.
Property managers handle the day-to-day operations of your rental properties so you don’t have to — from finding and screening tenants to collecting rent, coordinating maintenance, and keeping you compliant with local laws. A good property manager helps save you time, protect your investment, and keep your cash flow consistent.
On average, property management fees are 8-12% of the monthly rent, depending on the property size, type, and location. However, fixed or flat rate fees may apply starting at $100-$150 per month for a single-family home. Rates are typically lower (usually 4-7%) for commercial properties with more than 10 rental units.
For many investors, yes, property managers are worth it. A good property manager doesn’t just save you time and reduce stress — they also help your rentals perform better by keeping units occupied, tenants happy, and maintenance under control. Their fees often pay for themselves through fewer vacancies and smoother operations.
Yes — licensed property managers can also reduce your legal liability. Being well-versed in the often complicated rules of rental properties, they can help with the understanding of discrimination, disabilities, and other tenant laws that affect leasing practices, including late rent and evictions.
Property managers need a license to operate in every state except for Vermont, Idaho, and Maryland. Licenses and certifications may be visible in your Property Management Finder results.
No, repair costs aren’t included in property management fees. However, good property managers have an established network of reputable contractors and vendors to handle almost all repairs. Some larger property management companies even employ their own in-house maintenance staff — resulting in lower repair costs for you.
When interviewing a property manager, consider asking the following questions:
  • How many years have you been a property manager?
  • Are you licensed or certified?
  • What are the monthly fees and what services do they include?
  • Are there any extra services that aren’t included in the fees and how much do they cost?
  • How often will you be visiting and/or inspecting the property?
  • Do you also visit and inspect the property if it’s vacant? Will there be additional costs associated with that?
  • Do you handle all maintenance and repairs? If not, do you have a network of trusted contractors in case of an emergency?
  • What’s your process for screening new tenants?
  • How do you handle late rent payments or tenant disputes?
  • Have you ever had to evict a tenant?
  • Can you provide references from current clients?