There are many good reasons to invest in a rental property in the thriving city of ST. George, UT, which is acknowledged as one of the state's best-performing cities. However, there's much more to owning an investment property than identifying a promising location.
Renting your home to tenants involves a lot of time and hard work, especially when it comes to maintenance coordination. One way to overcome this is by hiring a local full-service property management company.
These experts take care of many aspects of your day-to-day landlord operations in exchange for a monthly fee, but do they pay for rental maintenance? Read on to discover what's included when you work with a professional management team.
Understanding Property Management Costs
It's essential to identify what property management fees typically include. Most property management companies charge a percentage of the rent, ranging from 8% to 12%.
This fee takes care of:
- Tenant screening and placement
- Rent collection
- Marketing and advertising
- Legal compliance
They do not include the cost of property maintenance, but they often include maintenance coordination. The picture can vary greatly depending on the property management service you choose.
Some companies may charge extra for this service.
What Is Included in Rental Maintenance Services?
When evaluating property management fees, it's crucial to inquire about what maintenance services are included. Typically, a full-service property management company may offer:
- Regular property inspections
- 24/7 emergency repairs
- Routine maintenance scheduling
- Coordinating with licensed contractors
These aspects are pivotal for property upkeep and ensuring tenant satisfaction. If you choose a company that doesn't offer comprehensive maintenance coordination, you might encounter unexpected costs that can affect your bottom line.
Are There Extra Fees for Maintenance?
Some property management firms may charge additional rental upkeep fees for managing maintenance requests or repairs beyond the typical inspections. Knowing whether you'll incur added costs will help you avoid surprises and budget effectively for your rental property.
Understanding key information about maintenance service coverage can save you significant amounts in the long run.
Why Maintenance Coordination is Critical for Your Property
Landlord maintenance responsibilities include a legal obligation to maintain their property in a safe, habitable condition. Regular maintenance is also crucial in preserving the value and appeal of your rental property, particularly in a competitive market like St. George.
Consistent upkeep keeps your tenants happy, encouraging lease renewals and ensuring the ongoing profitability of your rental property.
Make the Best Choices for Your St. George Investment Property
Understanding property management fees and maintenance coordination costs can greatly influence your real estate investment experience. By asking the right questions and ensuring you find a full-service property management company that aligns with your needs, you can protect your investment and promote long-term success.
At PMI Saint, we are dedicated to providing exceptional management services tailored to your property's needs. We have decades of experience in property management, construction, and business, and are committed to ensuring every client enjoys our best attention, always.
Reach out to us today to discuss how we can help you manage your rental property effectively.
