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Any Property Management recs in Seattle area? :(
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They charge anywhere from 8-12% of the rent. Yes, they handle everything you listed. Sometimes they’ll handle evictions, if needed.
Subject Expert
Yup, this is pretty standard.
Sometimes they might charge a placement fee for new tenants. I’d try and negotiate out of that because it financially incentivizes them to have turnover, which isn’t good.
It is management companies that do everything that you listed. The charge varies from company to company
Mentor
They charge 8-12% of rent to do those things IF AND WHEN THOSE SITUATIONS ARISE which they may not. They also just MANAGE those items but then charge more for them to be completed. You're basically paying for someone to answer the phone.
I just posted a similar question. How did you find a property management company? Any recommendations or is it market specific?
My realtor gave me info for multiple property managers.