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When it comes to hiring a property manager, we know the first question on your mind is often about the cost. It is a fair question, and frankly, we believe the answer should be refreshing, not confusing. At Talley Properties, our philosophy is simple: management fees should be straightforward, market-based, and directly tied to the actual work we perform for you. You won’t find our fees buried in fine print or padded with surprises. Instead, we have designed a fee structure that follows standard industry practices and aligns our interests with yours. We succeed when your investment succeeds.
The Monthly Management Fee
Think of this as the engine that keeps your investment running smoothly. Our primary fee is simply a percentage of the rent we collect on your behalf. Generally, this falls within the 7% to 10% range. We determine the exact percentage based on the specific type of property you own and the size of your portfolio. For example, owners with multiple properties or larger portfolios often benefit from lower per-unit rates.
This monthly fee is comprehensive. It covers the heavy lifting of financial reporting, rent collection, tenant communication, and the ongoing oversight required to keep your property profitable and compliant.
The Monthly Management Fee
Think of this as the engine that keeps your investment running smoothly. Our primary fee is simply a percentage of the rent we collect on your behalf. Generally, this falls within the 7% to 10% range. We determine the exact percentage based on the specific type of property you own and the size of your portfolio. For example, owners with multiple properties or larger portfolios often benefit from lower per-unit rates.
This monthly fee is comprehensive. It covers the heavy lifting of financial reporting, rent collection, tenant communication, and the ongoing oversight required to keep your property profitable and compliant.
Finding the Right Tenant
When a property becomes vacant, the goal is to fill it quickly with a high-quality resident. This is where our Tenant Placement Fee applies. This is a one-time fee that covers the extensive work of marketing the home, showing it to prospective renters, rigorously screening applicants, and executing the lease.
We typically structure this as a flat fee, or approximately half of one month’s rent. This pricing is consistent with the local market and ensures we have the resources to find a tenant who will treat your property with respect.
Handling Maintenance and Repairs
One of the biggest headaches for self-managing landlords is maintenance. When repairs are needed, we step in to coordinate qualified third-party vendors, manage the scheduling, and oversee the completion of the work.
To cover the time and professional oversight involved in this process, we charge a maintenance coordination fee, which is typically 10% of the total repair cost. This ensures you have a professional eye on every job, guaranteeing that we never perform unnecessary work and that you are always kept informed about the condition of your asset. You can read more about our proactive approach to property maintenance on our blog.
The Strategy Behind Lease Renewals
Finally, when a lease is up for renewal, we don’t just rubber-stamp the paperwork. We view this as a critical opportunity to maximize your investment. A renewal fee applies here because we perform a full rental market analysis to ensure your rental rate tracks with current economic conditions.
We also review the tenant’s payment history and overall performance before making a rent recommendation to you. Our goal is to maximize your income responsibly while keeping great tenants in place to reduce turnover and vacancy costs.
No Games, Just Partnership
We take pride in being upfront about our pricing. We are always happy to walk you through these fees in advance because we believe that while good management isn’t free, poorly structured management is far more expensive in the long run. By keeping our fees transparent, we can focus on what matters most: building a profitable relationship with you.