MANAGEMENT COSTS
Property-management cost is more than one percentage.
Pricing varies by company, market, property, and service package. A useful comparison separates the recurring management charge from leasing, renewals, maintenance markups, inspections, vacancy charges, administrative fees, and other terms.
Monthly management
Often structured as a percentage of rent, a flat monthly amount, or a tiered plan. Check whether the fee is based on rent charged or rent actually collected and whether any minimum applies.
Tenant placement / leasing
May be charged as a percentage of one month’s rent, a full month’s rent, or a flat amount. Compare what the fee includes and how often turnover occurs.
Renewal charges
Some agreements charge a flat renewal fee or a percentage when an existing tenant renews. Others include renewal administration in the monthly management fee.
Maintenance markups
Some managers add a percentage or administrative charge to third-party vendor work. Ask whether vendor estimates, invoices, and vendor contact information are available to the owner.
Setup, technology & administrative fees
Onboarding, software, payment processing, document, inspection, or other administrative charges may be separate from the headline management fee.
Vacancy / minimum fees
Some agreements charge a flat or minimum amount even when no tenant is paying rent. That is different from the ownership cost of lost rent during vacancy.
Termination & transfer terms
Notice periods, early-termination fees, leasing-protection clauses, and transfer charges can affect the cost of changing managers even though they are not ordinary monthly expenses.
Make it comparable
Annualize the major charges.
The calculator converts the fee structure you enter into an estimated annual ongoing cost and effective percentage of scheduled rent, making different pricing structures easier to compare.
Use the Cost CalculatorSouth Florida property?
Compare the structure with Icon Realty.
Icon Realty’s pricing is property-specific. Its South Florida fee structure includes $0 renewal fee, $0 maintenance markup, $0 setup fee, $0 routine inspection fee, and no management fee while the property is vacant.
See Icon Realty Pricing →