Property Management Fees
How Much Does Property Management Cost?
Property management fees can vary depending on the property, monthly rent, services needed, and the number of homes or units being managed.
At Costello Property Management, we believe pricing should be straightforward, competitive, and easy for owners to understand. We do not believe in loading a management agreement with unnecessary add-on fees that make the true cost difficult to determine.
Flexible Pricing for Different Properties
Not every rental property should be priced the same way.
Depending on the property and portfolio, management pricing may be structured as a percentage of monthly rent or as a flat monthly management fee. Owners with multiple properties may also qualify for portfolio-based pricing.
Our goal is to create a fee structure that makes sense for the property while still providing hands-on, responsive management.
What Does Property Management Include?
Our property management services can include:
- Rental pricing guidance
- Professional property marketing
- Tenant screening
- Lease preparation
- Rent collection
- Owner payouts
- Maintenance coordination
- Lease renewals
- Property oversight
- Owner communication
- Tenant communication
No Nickel-and-Diming
We prefer a straightforward approach instead of charging owners and tenants for every small administrative task.
Keeping tenant-side fees reasonable can also reduce unnecessary friction for qualified applicants while helping the property compete effectively with other rentals.
Why the Cheapest Property Manager May Not Be the Cheapest
A small difference in management fees can quickly become insignificant if a property experiences extended vacancy, poor tenant placement, weak communication, or unnecessary maintenance expenses.
Good property management should help protect the owner's time, property, and long-term investment.
At Costello Property Management, careful tenant placement is one of our biggest priorities. To date, tenants we have placed have resulted in zero evictions and zero non-payment issues.
Get a Property Management Quote
Every property is different. We are happy to review your rental, expected rent, location, and management needs and explain what pricing would make sense.
Request a Management Quote HERE
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