Quick property management answers

A property manager handles the day-to-day work of a rental: marketing the unit, showing it, screening applicants using consistent criteria, preparing lease paperwork, collecting rent, coordinating maintenance, handling notices, scheduling inspections, and sending owner statements.

For many owners, the real value is time, follow-through, and systems. A good manager helps reduce vacancy time, keeps records organized, and makes it easier to track income, expenses, and repairs.

OwnerLedger is not a property management company, broker, attorney, or accountant. We are a free matching service that helps owners compare licensed, insured property managers near them.

In many US markets, monthly management fees often fall around 8-12% of collected rent. Leasing fees are often about 50-100% of one month's rent. Some companies also charge renewal fees, setup fees, inspection fees, vacancy fees, or maintenance coordination fees.

Some managers add a markup on outside maintenance or use in-house maintenance at set rates. That is not always wrong, but it should be clearly disclosed in writing. The real number depends on the market, the property type, unit count, rental price, condition, and the services included.

These are general ranges, not quotes. Before you sign, ask for a full fee schedule and read the management agreement line by line. You can learn more in our guides or start comparing options through our free matching service.