What Kind of Fees Can I Expect with a Los Angeles Property Management Company?

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The property management fees you pay in Los Angeles will depend on a number of things, including the property you own, the services you need, and the company you choose. There are a few standards when it comes to property management costs, however, and today we’re talking about two things: What you can expect to pay when you hire a professional Los Angeles property manager; and, what we charge at MGMT Group, Inc. You’ll find our prices are extremely competitive.

You get better value and better results.

Leasing and Tenant Placement Fees

The first fee you will likely encounter is the leasing fee, which is sometimes called a tenant placement fee or a lease-up fee. Owners pay it once, at the beginning of a lease term. It will either be a flat fee or it will be a percentage of the first month’s rent.  

Typically, the leasing fee covers: 

  • A comparative rental analysis to accurately price your rental home.

  • Marketing and online advertising.

  • Showings and tenant communication.

  • Application processing in accordance with state and federal fair housing laws.

  • Tenant screening.

  • Lease negotiation and execution.

  • Collection of move-in funds.

  • Move-in inspection reports with photos.

Monthly Los Angeles Property Management Fees

While the leasing fee is a one-time cost, the property management fee is paid every month and covers the day to day activities involved in the effective management and maintenance of your rental property. It also includes, but is not limited to rent collection, lease enforcement, tenant management, legal compliance, and routine and emergency maintenance.

A good property manager will provide an accounting statement or report every month to show how much your property earned and what was spent. On that report, you should see the cost of your management fee reflected.

Flexible Fees at MGMT Group, Inc.

At MGMT Group, Inc. we provide some unique discounts in addition to our already competitively priced services. Exact fees are going to vary depending on your property, its location, and the services you need for us. You’ll find that a single-family home can be managed for as little as $200 a month. Multi-family units can be managed for as little as $60 a month per unit.

If you have any questions about the cost of property management in Los Angeles, or you’d like to learn more about our services and management fees, contact us at MGMT Group, Inc. We’d be happy to tell you more.

MGMT TeamMGMT Group, Inc.