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#466247 - 06/09/13 06:46 AM Property Management Fees  
Joined: Oct 2011
Posts: 75
Philus Offline
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Philus  Offline
Hi
What are the rates for property management in San Pedro?
Thanks

#466257 - 06/09/13 01:43 PM Re: Property Management Fees [Re: Philus]  
Joined: Jul 2008
Posts: 1,206
SnoopysMom Offline
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SnoopysMom  Offline
I have seen anywhere from 10-15% for long term residential rentals, but others may charge a more, especially for vacation rentals. Pretty comparable to the US...

These companies perform a valuable service for homeowners, so it is worth the price if you find a good company to work with!

#466300 - 06/10/13 07:32 AM Re: Property Management Fees [Re: Philus]  
Joined: Jun 2003
Posts: 957
Inplub Offline
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Inplub  Offline
I have heard in the past up to 40%, just hear say no facts.

#466309 - 06/10/13 08:24 AM Re: Property Management Fees [Re: Philus]  
Joined: Oct 2001
Posts: 5,680
Diane Campbell Offline
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Diane Campbell  Offline
Check the details - it's very different for homes than for condo complexes.
Houses - the owner pays for all the housekeeping, supplies etc.
Condos - the management may pay for the supplies, staff etc.
So - check, and then evaluate the services.
Main thing is your bottom line - ask to see contracts and get estimates for costs that fall on your side of the ledger.

#466611 - 06/14/13 11:02 AM Re: Property Management Fees [Re: Diane Campbell]  
Joined: Oct 2011
Posts: 75
Philus Offline
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Philus  Offline
Thanks to all for your input.

My information indicates that a Fee of ~10 % seems fairly standard.

What is included and how are the extras charged?

Such as:
Calling and meeting repair persons.
Arranging for appliance repair or replacement?
Dealing with tenant problems?

Thanks



#466967 - 06/20/13 12:15 PM Re: Property Management Fees [Re: Philus]  
Joined: Feb 2009
Posts: 64
jamesp Offline
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jamesp  Offline
Calling and meeting repair persons.--- 10% from total repair fee
Arranging for appliance repair or replacement? ----also including above fee
Dealing with tenant problems? ----including 10% of monthly rental

Last edited by jamesp; 06/20/13 12:16 PM.
#470182 - 08/14/13 08:48 AM Re: Property Management Fees [Re: Philus]  
Joined: Apr 2013
Posts: 6
yu_ma_mike Offline
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yu_ma_mike  Offline
..... the quality of services provided by property managers can be as different as night and day .... maybe ask around for some references

#470196 - 08/14/13 12:00 PM Re: Property Management Fees [Re: Philus]  
Joined: Nov 2000
Posts: 5,399
ScubaLdy Offline
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ScubaLdy  Offline
AND the owners can be as different as night and day too!
Some are easy to please others are impossible to please.


Harriette
Take only pictures leave only bubbles
#470225 - 08/15/13 12:52 AM Re: Property Management Fees [Re: ScubaLdy]  
Joined: Apr 2013
Posts: 6
yu_ma_mike Offline
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yu_ma_mike  Offline
The owners are the other 1/2 of the equation. That is true.

#470308 - 08/15/13 11:04 PM Re: Property Management Fees [Re: Philus]  
Joined: Aug 2013
Posts: 4
Wicked Offline
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Wicked  Offline
Be careful who you use for property management. Contact the BTB and find a reputable company.


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