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Property Management by the Numbers: How Much Do Property Managers Charge in San Diego?

If you’re looking to hire a property manager in San Diego, you might find yourself facing a daunting task. There are lots of property management companies purporting to be the best, all inviting you to contact them for a quote in the hopes of securing your business fast. But we know that hiring a property manager is anything but easy. It’s important to find a property management agency that lines up with your budget and your values, providing you with the best possible service without breaking the bank. Let’s take a look at the world of property management to get an idea of what you might expect to face when you’re looking to find the right property managers for you.

What Are the Average Property Management Fees in California?

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Did you know that approximately 44% of households in California are occupied by renters? California offers some of the most choice real estate in the US. With beautiful scenery and a mild climate, it’s an ideal place for those seeking both outdoor adventures and big-city amenities. With the state of today’s housing market and the current economy, owning rental property has become a common form of passive income for many families.

So what can you expect to be charged for property management fees for your rental properties in California? Upfront, you can anticipate paying 7-12% of monthly rent for your property solely for property management fees. This is a base rate. If you’re looking to get the place occupied, expect to pay 50-100% of one month’s rent for tenant placement and leasing fees. Then there may be a lease renewal fee of roughly $100-300.  This is in addition to other expenses including annual inspections, maintenance fees, and fees for a vacancy or eviction should either arise.

In short, hiring a property management agency can cost you a pretty penny. But let us tell you why it’s worth every one.

Why Do You Need a Property Manager?

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Have you ever replaced a faulty circuit breaker? Do you know a reliable roofer? Do you have the time and the funds to run background checks on the barrage of applicants expressing an interest in the condo you have available for rent?

What exactly do property managers do, anyway?

To put it simply, a property manager handles the day-to-day repairs and ongoing maintenance, security, and upkeep of your property. This can mean anything from screening prospective tenants – no need to worry about all those background checks! – to arranging for repairs and maintenance, whether that means landscaping or snowplowing. They handle the drafting, signing, and renewal of property leases based on a solid understanding of state and national landlord-tenant laws and regulations. Remember those vacancy fees we mentioned earlier? A good California property management agency can make sure your property isn’t vacant for long, keeping it on the radar of reliable realtors and potential renters. And should things sour with renters, as they sometimes unfortunately do, a property manager can help oversee lengthy, costly eviction proceedings in order to get your property back on the market in a timely manner.

Why Choose America’s Finest Property Management?

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No two property management agencies are alike. Each offers unique solutions for unique rates, and it’s important to do your research in order to ensure you’re finding the best property manager for your property. The rates we discussed above are ballpark figures, and you’ll need to consult with prospective agencies for more concrete numbers.  Keep in mind the many factors that will affect how much you’ll pay for property management – not just for the work to be done, but also for the quality of that work, and for the skill and experience it will require.

That’s why you should reach out to Hector Ruiz from America’s Finest Property Management and take advantage of his over 30 years in the real estate and property management arena. Some of our served areas include South San Diego, Chula Vista, Bonita, National City, San Ysidro, Imperial Beach, Otay Mesa, Nava Base San Diego, Silver Strand, and more.

So contact us for a quote today!


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