Property Management Costs

[Steve Perkins]

Sorry if this has been asked before, but I didn't see the answer previously posted.

So it appears that property management costs are roughly 10% monthly rent in most places. What potential costs might NOT be covered by this payment, which could impact my ROI? In other words, what costs COULD I get hit with from my property management company that would go above and beyond the 10% rent fee? I want to make sure I ask the right questions of my property management company before I hire them so I know what I am and am not responsible for paying.

[Charles Fella]

An added cost could be if a water heater breaks and they hire someone to fix it or have it replaced. You will then be billed with the cost of the water heater or repair.