What Are Professional Property Management Fees in Upland, CA?

What Are Professional Property Management Fees in Upland, CA?

One of the most common questions that a homeowner will ask a property manager is: what are the fees? We’re talking about the cost of property management when you hire a professional company. Property Management Upland: Management Fee Basically, there are two types of fee structures. You will either pay a flat monthly management fee, or you’ll pay a percentage of the amount of rent that’s collected. Find out if the property manager you’re working with bills on a flat fee or a percentage. Additional Property Management Fees In addition to the monthly fee, there might also be a placement fee. Find out how much that is, and whether it’s a flat fee or a percentage of the first month’s rent. More importantly, ask if the company guarantees the tenant that they place. There could be a sign up fee, or a releasing fee at the end of the 12 month term. At that point, you will want to decide if you want to renew the lease with your tenant or just go month to month. Some property managers charge an inspection fee. If the manager goes into the home during the first year of tenancy to do an interior inspection, you’ll need to be prepared for the expense. You might also run into a fee for notices; if the property manager has to serve or post a Three Day Notice to Pay or Quit, you could be charged. Ask about advertising and marketing fees, and what you’ll have to do to break your lease or end your contract. Look for Hidden Fees Be concerned about hidden fees that...
The Benefits of Working with Mesa Property Management

The Benefits of Working with Mesa Property Management

One of the things I like to explain to owners when they consider Mesa Property Management to manage their rental properties is that I was a property owner and landlord myself long before I started this management company. So, I’ve tried to set the company up to be owner-friendly. There are a few things I did to make that happen, which can benefit you and your property.!–more–> Avoiding Long Term Contracts There is never a long term contract. You do sign a one year management agreement with us, but all of those agreements come with an immediate 30-day out clause. As an owner, I don’t want to be tied to someone who I don’t think is doing a good job. We don’t require a contract. Flat Fee Structure We charge a straight, flat fee. It doesn’t matter how much the rent is, the work is the same. In fact, sometimes a property that rents for higher is easier to manage than a property that rents for less, because the tenants are stronger. Property Management Upland: Maintenance Transparency We provide total transparency on any work that’s done at your property. As an owner, I don’t want my property manager to make extra money just because I need repairs. We don’t do that, and we show you the proof. When we create a work order, we include the vendor invoice. It will have vendor’s phone number and address so you can see what we were charged. This is the only price you will pay. Rental Property Upland We also like owners to know that we were a property management company first....