Costs to Expect with an Austin Property Management Company
Like all investors and owners, you’re curious or concerned with the costs associated with hiring a property manager for your Austin, Texas properties. While the common belief is that a property manager will hurt your ROI for your property. However, you may see that your return is actually greater when involving a management company. A property manager will be better suited to accurately price your rental to the max rental rate possible, protect the property throughout the duration of management, you’ll have less time vacant, preventative maintenance allowing you to avoid large repair bills in the future, and many other benefits.
So, what are you paying for an Austin property management company to manage your rental property?
There are two different structures most Austin property management companies like to follow. A common structure is the flat-rate model where you pay a set price in return for their management services. The other common structure to property management companies is a percentage-based model. These companies earn a set percentage of the rent every single month. Both models are very popular among the various property managers Austin has, and you&rsquo...