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Amateur landlord: the benefits and costs of a property management company
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Amateur landlord: the benefits and costs of a property management company

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The Property Management Company provides quality property and facilities management services for both residential and corporate property owners.

The Property Management Company provides quality property and facilities management services for both residential and corporate property owners.

Published in: Real Estate, Business, Technology

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  • 1. Amateur Landlord: The Benefits and Costs of a Property Management Company
  • 2. A property management company can take a lot of the hassle out of renting out an apartment.
  • 3. “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.”
  • 4. For amateur landlords that decide to go with a management company, it can be a huge load off.
  • 5. 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.
  • 6. In return for these services, management companies in the District typically charge fees of between three and ten percent of each monthly rental payment.
  • 7. 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.
  • 8. 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.
  • 9. Pick Up Your Right Property Management Company At Rentalchoice For Free
  • 10. Pick Up Your Right Property Management Company At Rentalchoice For Free