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What Are Average Property Management Fees?

Hello home and property owners! We hope you’re having a good week so far as we close out this month and prepare for the next. Something we notice quite often as property managers is that the beginning of the month is often the most active time for new beginnings and fresh starts! It can be for anything of course, but our favorite topic is in the property management area and the many fruitful opportunities that can come from working a fantastic team like Real Property Management Distinguished Care! 

 

With new beginnings on the horizon though, comes the all too familiar concern of ‘what ifs’ and the general nervousness of something new. Property management is a big investment and if it’s your first rodeo, we understand how important it is that you get all of the information you need to make the decision best suited for you and your finances. To help you out, we thought providing you with some information about ways working with Real Property Management Distinguished Care can make and save you money, overall in our blog today! We hope you’re ready for some helpful and informative details about our services.

 

First thing’s first, hidden fees are the biggest concern affiliated with the service industry, property management or not. RPM Distinguished Care prides itself on being transparent and upfront from the very beginning so that you know for a fact what’s being discussed and planned for! 

 

There are zero hidden fees when it comes to working with our team, and you’ll find that our overall goal is to simplify the process of property management by providing dependable, professional services with the protection of guarantees and insurance. We offer a scale of package types depending on your need which you can view here (LINK). 

 

When you work with a RPM Distinguished Care property manager here in Charleston, SC, you can rest easy knowing that your investment is in good hands with a priority on minimizing costs and maximizing your income. It’s like having an assistant manager for your home; your goals and focus are ours too. Our services and methods are based on time-tested and proven, knowledgeable management behaviors that you can back any day, and that’s how we like it because ultimately, we don’t get paid until you do. 

 

So if we’ve gotten your attention, you may be wondering what fees are associated with property management? Well, some property management companies may take advantage of ignorance in the field and surprise you with new services or fees as you go, but you already know that’s not how we do business here in Charleston SC. We treat everyone like family down here. It’s one of our biggest priorities to learn everything about your property or properties before we determine anything in order to give you the most accurate assessment or expectations for your property management fees. Some general ones that will apply to most situations however are our Tenant Leasing Fee and our Full Service Property Management Fee.

 

A tenant leasing fee will typically only apply if our team assists you with searching for, reviewing, and finalizing any potential tenants for your property. A general expectation for the price associated with this fee is reflected in the average Charleston real estate market as one months rent for the listing itself. Our property managers take a highly detailed analysis of every aspect of your property and then utilize it to determine the rental rate best suited for the space. After the rental rate is determined we then take a look at any make-ready repair and maintenance work and take steps to effectively advertise your property with photography and digital marketing! You can count on our property managers to help you put your best foot forward online in order to secure the number one tenant for you and your property! The dedication and effort Real Property Management Distinguished Care performs for your properties’ benefit is second to none, and we even offer a 29 Day Guarantee! Our 29 Day Guarantee assures you that if we’re not able to rent your property out within 29 days or less, you will not have to pay for a management fee the first month. We’re pretty confident though in our solid marketing plans and world-class client management system to ensure you’re leasing your property out easily, quickly, and (most importantly) simply. 

 

The primary fee you’ll become familiar with is the basis of our services, and we provide three package options for you with rates ranging from 6.9% to 11.9% depending on the details of service and responsibilities. Our packages are named Bronze (6.9% monthly), Silver (8.9% monthly), and Gold (11.9% monthly). If you’d like to learn more, follow this link to preview the listed services provided in each!

 LINK 

 

With our transparent and upfront descriptions for each package, you can gain a general understanding of what we provide for different tiers of monthly service but what you’ll experience first hand by working with Real Property Management Distinguished Care is even more powerful. When you work with one of our property managers, you gain a true partner in your investment and financial goals and someone you can depend on to enforce protections and care for your property as if it were their own. We’ll review your property together and prepare for any special conditions or situations that may specifically apply to your listing. These adaptations may reflect themselves in your pricing as well, but you can be assured we will review all details of your terms and conditions of working with RPM Distinguished Care when the initial pricing discussion starts. Our property managers do everything they can to make sure you’re aware of expected or estimated costs; no hidden fees or random pricing to be seen, ever. 

 

Other guarantees are ‘guaranteed’ to seal the deal with our services too (see what we did there?) as we provide a Tenant Replacement Guarantee and a Risk-Free Eviction Guarantee. What do these mean for you? Well, in the off chance that something comes up or changes in the relationship with your new-found tenant, we essentially will have it covered. If your tenant leaves and vacates before the end of the lease, we guarantee to find you a new qualified replacement for free! For more painful situations regarding evictions, you can trust in Real Property Management Distinguished Care’s property managers to take care of the legal fees involved in an unlawful detainer suit. This guarantee is included in our Silver and Gold Plans for no additional fee, but Bronze Plan members are asked to pay a small $50 monthly fee for this service should it be needed.

 

By working with one of our property managers, you will be saving time as well, because you can shift responsibility of regularly checking in on or inspecting the property over to us! As we’ve said, our goal is to simplify the experience of owning and renting properties. Real Property Management Distinguished Care takes pride and care in our periodic maintenance inspections by reviewing the inside and outside of the property in thorough detail. Tenant compliance is a high priority in property management, as you can imagine, and we wouldn’t be fulfilling our purpose as property management professionals if this was neglected as a focus within our business. 

 

Should we inspect your property or properties and repairs or maintenance is needed, not only will our property managers communicate responsibilities with tenants but we can also get into contact with referred business professionals in different fields for you through our extensive, exclusive vendor list! We have strong connections and relationships with all kinds of vendors that have been vetted through our team such as plumbers, home repair, carpenters, pest control, carpet cleaners, electricians, and more! Gone are the days of anxiously Googling for someone ‘near you’ while you watch the problem exacerbate over time, we’ve got you covered. 

 

You’ll be able to reach out to our managers 24/7 if need be for emergency responses, because ultimately we take on the responsibility of protecting your hard earned time and financial investments. It goes without saying that we become a supporting role within your business as a property owner that you can comfortable and reliably depend on! By working with a Real Property Management Distinguished Care professional, you’ll be setting yourself up for success and financial gain at the same time as saving from the costs you’d be seeing if you juggled your properties alone. The time it takes to check in, communicate, manage, and enforce your rules and regulations for your properties alone is something to consider- by working together with a property manager all of that time becomes yours once again! Not to mention any time or money you’d spend seeking those other business industries if your tenant doesn’t apply to your rules and regulations, or damages your property at all. 

 

With Real Property Management Distinguished Care, your property is like our property and we truly put the effort in. No hidden fees, all the safeguards and guarantees, and up-front packages you can review and prepare for right here on our website! If you need more information though, please don’t hesitate to reach out, we would be more than happy to assist you in reviewing and setting up the perfect property management service for you and your properties. Protecting your investments is our pleasure!

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