Amateur Landlord: The Benefits and Costs of a Property Management Company

A property management company can take a lot of the hassle out of renting out an apartment.

“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.”

For amateur landlords that decide

to go with a management

company, it can be a huge load off.

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.

In return for these services, management companies in the District typically charge

fees of between three and ten percent of each monthly rental

payment.

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.

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.

Pick Up Your Right Property Management Company At Rentalchoice For Free

Pick Up Your Right Property Management Company At Rentalchoice For Free