Possible DFW Property Management Fees

So you've decided to buy rental property in the Dallas'Fort Worth area, and are now considering the pros and cons of hiring a DFW property management company? While you're doing your research and shopping around for the perfect property management team, take time to ask which of the possible charges outlined below are liable to be added to your bill.

Types of Property Management Fees

• General management: This fee is always obligatory. It will come to between 4% and 12% or your rental fees. It pays for a long list of tasks necessary to run your rental investment property, from collecting the rent and accounting to helping a tenant get their cat out of a tree. Find out the percentage charged before committing.
• Vacancy fees: Some property managers will charge the property owners a fixed fee for each vacancy, which can be around $50 per month.
• Marketing: There may be a reimbursement charge for advertising time and money invested by the property manager.
• New tenant setup: Each time a new tenant is received into a rental community, the manager of the property will have extra work to do. This fee is sometimes levied to reimburse them for their time.
• Maintenance: Be sure to ask about the services and fees involving your maintenance manager.
• Evictions: These require special handling, and some property management companies in Dallas will charge extra for carrying them out.

Property management in Dallas, TX offers a wide scope of extras, for which you may or may not be charged. Before you decide which property manager to choose, find out about the possible fees involved.