How Do Your Management Fees Work? What Do You Charge?

One of the most common questions property owners ask is, “How do your management fees work?” That’s a fair question, and at Talley Properties, we believe the answer should be simple and transparent.

Our philosophy is that management fees should be straightforward, market-based, and tied to the real work being performed. They should never be buried in fine print or filled with surprises. We want owners to clearly understand what they are paying for and why those fees exist.

What is your monthly management fee?

Our primary fee is a monthly management fee based on a percentage of the rent we collect on your behalf. In most cases, this falls between 7% and 10%, depending on the type of property and the size of your portfolio.

This fee can vary because different properties require different levels of service. A single-family home may be priced differently than a small multifamily property, and owners with multiple properties often benefit from lower per-unit rates.

The monthly management fee covers the day-to-day responsibilities that keep your rental running smoothly. That includes collecting rent, communicating with tenants, coordinating repairs, providing financial reporting, and overseeing the overall performance of the property.

Do you charge a fee to place a tenant?

Yes, when a property becomes vacant, there is a one-time tenant placement fee.

This fee covers the work involved in marketing the property, showing it to prospective renters, screening applicants, and preparing and executing the lease. In most cases, this fee is structured as either a flat fee or approximately half of one month’s rent, which is consistent with the local market.

Finding the right tenant is one of the most important parts of protecting your investment. A strong leasing process helps reduce risk, improve retention, and create a more stable rental experience for both owner and tenant. If you want to learn more about the importance of applicant screening, our blog on tenant screening best practices can help explain what goes into that process.

Is there a fee for maintenance coordination?

Yes, when maintenance or repairs are needed, we charge a maintenance coordination fee.

Our role is to coordinate qualified third-party vendors, manage scheduling, and oversee the repair from start to finish. Like many professional property management companies in this market, we typically charge 10% of the repair cost to cover the time and oversight involved.

Do you charge for lease renewals?

That said, owners are always kept informed, and we do not perform unnecessary work. Our goal is to protect the condition of your property while making the repair process as efficient and stress-free as possible.

Yes, a lease renewal fee applies when a tenant’s lease is up for renewal.

Renewals involve much more than simply extending the lease. We take the time to conduct a full rental market analysis to determine whether the rent still aligns with current market conditions. We also review the tenant’s payment history, maintenance issues, and overall performance before making a recommendation.

Before anything is finalized, we discuss our findings with you and provide guidance on the best next step. Then we prepare and execute the renewal documents. This process helps maximize rent responsibly while keeping strong tenants in place, which can reduce turnover and vacancy costs. Our article on maximizing rental income offers more insight into how thoughtful lease decisions support long-term profitability.

Are there hidden fees?

No. We believe in being upfront about our pricing.

We explain our fee structure clearly, we tell you why each fee exists, and we are always happy to review it with you before you sign on. Good property management is an investment, but unclear or poorly structured management can cost far more in the long run.

How do you protect owners legally?

Legal compliance is one of the most important parts of professional property management. Laws change, procedures evolve, and even small mistakes can become expensive problems if they are not handled properly.

At Talley Properties, we protect owners by managing every property with compliance built into the process. We use established procedures for leasing, rent collection, notices, maintenance coordination, lease enforcement, and tenant communication. These systems are designed to comply with federal, state, and local landlord-tenant laws, as well as Fair Housing requirements.

Consistency is a big part of legal protection. Applying the same standards and documented procedures across the properties we manage helps reduce risk and protect owners from unnecessary claims or disputes.

How do you stay current on landlord-tenant laws?

We believe staying informed is part of doing the job well.

Talley Properties is an active member of the National Association of Residential Property Managers and the local Realtor® Association. Through these organizations, we participate in continuing education focused on property management, legal updates, compliance changes, and industry best practices.

That ongoing education helps us stay current on changing landlord-tenant laws, court procedures, lease requirements, and compliance standards so our owners do not have to navigate those updates alone.

How do you handle legal documents and notices?

Proper documentation is essential in property management, and we take it seriously.

From lease agreements to renewals and required notices, we use current, legally compliant forms and track important timelines carefully. We also document communication with tenants so there is a clear record when needed.

If a legal issue does arise, such as lease enforcement or eviction, we coordinate with experienced local attorneys who specialize in landlord-tenant matters. That ensures the process is handled properly, professionally, and in accordance with the law.

What does this mean for me as an owner?

It means you are not left trying to interpret laws, track deadlines, or figure out what steps need to happen next.

Our job is to make property ownership easier, safer, and more profitable by combining transparent fees with professional oversight and built-in legal compliance. When you work with Talley Properties, you gain a management partner focused on protecting your investment, reducing risk, and giving you confidence in the day-to-day management of your property.