New York City, NY · Member since 2020 · 38 posts · 15 votes
Hi everyone, I am trying to get a quote for PM cost in Columbia, SC. I have only called 1 Property Management company. They charge 10% monthly rent + annual fee + 50% first month rent (marketing fee) + lease renewal fee... Not sure if this is standard...
If anyone knows / used any PM, please let me know!
That is not unusual but there are variations here: one month's rent charged to change tenants, another without that charge but $400 to set up your account initially. What you describe is typical but all the charges for every other service is where things appear unexpectedly.
This makes me miss the company that ran my property in Las Vegas. They were $80/mo, no setup fee, and you didn't pay if the property was vacant. They were fantastic to work with, too.
What size are your properties? We use SDMC for our apartments. Pretty sure they do all sizes. We pay $30 per unit per month plus payroll for 100+ units... not sure what that translates to for smaller properties as a percentage... They’re in West Columbia.
What size are your properties? We use SDMC for our apartments. Pretty sure they do all sizes. We pay $30 per unit per month plus payroll for 100+ units... not sure what that translates to for smaller properties as a percentage... They’re in West Columbia.
I highly recommend Property Frameworks. Their fees are similar without the annual fee but do charge 100% of the first month's rent as a marketing fee. I have been using them since April and they have done a great job for me.
I highly recommend Property Frameworks. Their fees are similar without the annual fee but do charge 100% of the first month's rent as a marketing fee. I have been using them since April and they have done a great job for me.