amateur landlord: the benefits and costs of a property management company
TRANSCRIPT
“Doing all your own management work can be very time consuming. Some people have the time and resources to
do the accounting and the repairs that are necessary over the term of the lease. But a lot of people don’t.”
During the course of the lease term, the company will also coordinate maintenance and repair work, and most will document
monthly cash flow statements and provide 24-hour emergency service.
In return for these services, management companies in the District typically charge
fees of between three and ten percent of each monthly rental
payment.
Rent For The Leasing.
DC one-bedroom at $1,495/mo. — Annual prop. management cost = $2,930.
DC two-bedroom at $2,400/mo. — Annual prop. management cost = $4,704.
DC three-bedroom at $3,300/mo. — Annual prop. management cost = $6,468.
The calculations above show that a property owner would
have to part with approximately two monthly rental payments a
year to have a property management company take
care of everything.
Pick Up Your Right Property Management Company At Rentalchoice For Free
Pick Up Your Right Property Management Company At Rentalchoice For Free