Property management is your only resource when you have a property investment but does not have the time to handle the day to day operation. One of the considerations when hiring a property management to manage your property is the property manager fees. You have to be able to comprehend the services covered for certain property manager fees.
Property Manager Fees
Property manager fees can be tolerable for most property investors as long as they provide you with excellent service. The services that you are paying for may vary. There is the percentage fee which is basically the standard fee for property managers. However, if you specifically need property managers to do marketing to ensure minimal vacancy period for your property, that would be an additional fee depending on how much expenses was incurred running the marketing or advertisement strategies. Some property management companies also charge another fee for expenses incurred while processing the documents, this could also depend on the actual expense.
Hiring a property manager could add to your current expenses, but your property manager fees could be worth it as long as the property is getting its fair share of tenants and proper maintenance.
Property Tax Depreciation
I like to thank you for your excellent customer service and I'm very excited for the new tenant in my property.