How Much Does a Property Manager Cost? - Leasing Fee Explained

One of the most common property management fees you’ll likely pay a property manager is the LEASING FEE. The Leasing Fee is the cost you’ll pay a property manager to Find, Screen & Place a quality tenant in your Rental Property. 💰For most property managers and property management companies this fee covers: 1. Advertising your rental property 2. Showing the vacant property to prospective renters 3. Thoroughly screening prospective tenants 4. Lease preparation & signing 5. Move in preparation & move in inspection Here is a real world example: Let’s say your rental property rents for $1,500/mth and your property manager charges 75% of the first months rent for finding and placing that tenant. 🏡The total leasing fee is: $1,500 x $75% = $1,125.00 #realestateinvesting #propertymanagement #propertymanagementfees #rentalpropertyinvesting #passiveincome #cashflow #realestateinvestment #invest #manage #profit #jobin