The Costs of Hiring, or Not Hiring,
a Property Manager
by Tara Harris
Excerpted from the Rental Housing Association Magazine, Sep/Oct 2008
The most common reason rental owners decide not to hire a property manager is cost. Often the rent barely covers the monthly payment for their property, so they don’t want to add the expense of a property manager. Or an owner may just be hoping for the greatest possible cash flow. Despite these factors, hiring a property manager may make sense.
Consider, for example, a single-family home with the following monthly expenses:
- Mortgage: $1,100
- Taxes: $100
- Insurance: $50
- Utilities: $50
- Total monthly expenses: $1,300
If that home only rents for $1,250 per month, the result is a negative cash flow. So, why add the expense of a property manager? More… (click to read entire article)
Sacramento Property Management
Anyone can collect rent… we provide service…
Do you own rental property within Sacramento? Are you ready, willing and able (not to mention really interested) in dealing with all of the responsibilities and issues that come along with that? Wouldn’t it be in your best interest to use experts in Property Management to assist you?
Here at Circle of Service Real Estate Group, we are experts in Property Management providing a broad range of services to you the property owner. We believe you can find no one better qualified and able to manage your property(s). In fact, to help you in your search, here is a document that can help you question prospective Sacramento Property Management firms. We are confident you will find that we can meet or beat the services of any other firm you can find. Also, if you are located in the Sacramento city limits, learn more about our program to manage your responsibilities for the Sacramento Rental Housing Inspection Program.
Our Sacramento Property Management Services
- Leasing/ Tenant Screening
- Facilitate touring of rental homes
- Complete background/credit check
- Prepare rental agreements
- Rent payment processing
- Timely monthly statement including copies of invoices
- Mortgage, Insurance, Utility payment processing
- Eviction Handling (Additional cost)
- Photos of move-in/ out condition of home
- Monthly exterior inspection/ Bi-annual full property inspection
- 24-hour on-call service- to address urgent maintenance concerns
- Network of qualified vendors to complete repairs/ improvements
- ALSO OFFERING HOMEOWNER ASSOCIATION / SMALL APARTMENT COMMUNITY MANAGEMENT
Our Sacramento Property Management Fee Schedule:
- Leasing services- 50% of the first month’s rent payment
- Monthly management fees- 8-10% of the monthly rent payment
- Our services can be tailored to meet your needs.
- Please contact us for a quote…
