Management fees, explained clearly
Management costs depend on the property and the services you need. Ask about ongoing management, tenant placement, lease renewals, maintenance coordination, and any additional charges. CapRate reviews your property and your goals before preparing a quote.
What affects your management fee
Every property and management plan is different. These are the categories owners should discuss during a fee consultation so nothing is a surprise later.
Ongoing management — the recurring fee for day-to-day leasing oversight, maintenance coordination, and owner communication.
Tenant placement — the fee associated with marketing the property, screening applicants, and placing a qualified tenant.
Lease renewals — the fee tied to renewing an existing tenant's lease and updating terms.
Maintenance coordination — how vendor work, repair approvals, and related costs are handled and communicated.
Additional charges — any other charges specific to your property or service scope, reviewed case by case.
Let's scope a plan for your property
Every fee conversation starts with a look at your property and your goals. Start a complimentary property review and management consultation, and we'll prepare a quote scoped to your needs.