Property management can simplify the challenges of owning a rental property, but one common question owners ask is: “Do my property management fees cover rental maintenance?” Understanding how these fees work and what they include can save you time, money, and frustration.
In this blog, we will provide clarity about property management services, so you can confidently manage your rental investments.
What Do Property Management Fees Typically Cover?
A property management fee generally covers the essentials needed to keep a rental property running smoothly.
These include services like:
Tenant Placement: Finding reliable tenants to ensure consistent rental income.
Lease Management: Handling lease renewals, which may incur a lease renewal fee, and ensuring compliance with agreements.
Financial Reporting: Providing updates on monthly rent collection and property expenses.
Routine Oversight: Regular property inspections to identify and prevent issues before they escalate.
However, maintenance costs may or may not be included in your property management fee based on the service provider’s practices.
How Are Maintenance Costs Managed?
Routine Maintenance
Routine rental property maintenance, like HVAC system servicing or landscaping, is vital for keeping a property in good condition. Property management companies often coordinate these services, but the costs are typically billed separately. Clarify with your property manager whether these services are included in their standard fee or categorized as additional expenses.
Emergency Repairs
Unforeseen emergencies, such as plumbing issues or electrical failures, require prompt action. A professional property manager ensures these issues are resolved quickly. While property management companies may handle coordination, the costs of such repairs are usually passed on to the property owner.
Preventative Maintenance
Preventative measures like regular servicing of HVAC units or cleaning dryer vents are key to avoiding costly repairs. Some property management companies include preventative maintenance services in their packages to help you save on future expenses.
Debunking the Rental Property Maintenance Myth
A common rental property maintenance myth is that management fees cover all maintenance costs. In reality, fees often only cover the coordination of repairs and maintenance requests, not the actual service costs. Working with property management companies that are upfront about these costs can prevent misunderstandings.
Questions to Ask About Property Management Costs
Before hiring a management company, it’s important to ask questions like:
Does the property management fee include routine maintenance?
How does your team handle emergency rental property repairs?
Are preventative maintenance services offered as part of the package?
These questions can help you understand what to expect and avoid unexpected charges from property management companies.
Why Choose HNN Atlanta for Rental Property Maintenance?
At HNN Atlanta, we excel at managing all aspects of property care.
Our property management services include:
Coordinating rental property repair and maintenance requests promptly.
Working with trusted technicians to ensure quality results.
Helping property owners reduce maintenance costs by addressing issues early.
HNN Atlanta is your trusted partner for rental property success. From tenant placement fee management to ensuring your rental property stays in top condition, we offer comprehensive solutions tailored to your needs. Contact us today to learn more about how we can help you manage your properties efficiently and affordably.
