Property Management Fees & Rates

Understand how fees are charged for property management services in Baltimore. 

Fees and Rates for Baltimore Property Management companies

In general, hiring a property management company in the Baltimore area is more economical than most people would expect it to be. But when you consider the income you will receive from rent checks each month from time and work you did not have to put in, the cost for a property management company more than pays for itself and makes so much sense.

What Does it Cost to Hire a Baltimore Property Management Company?

We try to make the process of hiring a property management company as transparent of a process as possible. 

The cost of hiring a property management company will vary depending on what services you specifically need, the type (or types) of property you own, and what area of Baltimore your property is in. With that being said, here are a few general cost structures that many Baltimore property management teams use:

How Fees and Rates are Calculated

Premier Property helps you make the most of your investments with valuable tenant placement services in Baltimore City. 

  • Percentage of monthly rent:
    If you choose to employ a Baltimore property management company on a full-service basis, the cost would most likely be a percentage of the monthly rent from your property. This can range from 8-10% based on the number of units under management and rent per unit. Under this property management fee structure, if your unit is not rented, you do not have to pay the property management team.
  • Flat fee per month:
    For larger buildings, property managers often charge a flat fee per month, regardless of how many units are rented at any given time. Property managers typically work on a flat-fee basis if they expect your building will require a significant amount of time and resources from their property management team.
  • Per project fee:
    When you employ a property manager for selected services only, the cost is generally a per project fee. For example, if you were to hire a property management company to fill a vacant property, you might be charged the equivalent of one month’s rent for that property management company’s services.

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