How Do Property Managers Charge – And What Services Should You Expect?

Hiring a property manager can save you time, protect your investment, and maximize your rental income—but how do they charge, and what exactly are you paying for? Understanding the fee structure and expected services is key to making the right choice for your property.

How Property Managers Charge

Property management companies typically charge in one or more of the following ways:

1. Monthly Management Fee

This is the most common fee and usually ranges between 8%–12% of the monthly rent collected. Some managers charge a flat monthly fee instead, which is ideal for high-rent properties or portfolios.

What it covers:

• Rent collection

• Tenant communication

• Maintenance coordination

• Monthly financial reporting

• Enforcing lease terms

2. Leasing or Placement Fee

Most companies charge a one-time fee equal to 50%–100% of one month’s rent when a new tenant is placed.

What it covers:

• Advertising the property

• Showing the property

• Screening applicants (background, credit, income)

• Lease preparation and signing

• Move-in inspection

3. Lease Renewal Fee

Some managers charge a small fee (typically $100–$200) for renewing a lease with an existing tenant. Others include this in their monthly service.

4. Maintenance Markups

Property managers may add a markup (usually 10%) on repair invoices coordinated through their vendors. Always ask for transparency in these charges.

We, at OKC Management, do not mark up any maintnance fees. Unsuring an owners property is properly maintained is part of the services we providd.

5. Miscellaneous Fees

In the event someting occures outside of the normal property management serivces, or the need to enlist or perform other services, other fees may apply These can include:

• Eviction fees

• Inspection fees

• HOA coordination fees

• Advertising costs (if separate from leasing)

What Services Should a Property Manager Provide?

Not all property management companies are created equal. Make sure the fee you’re paying includes services that protect your investment and reduce your stress. Look for:

1. Comprehensive Tenant Screening

Good tenants mean fewer headaches. Your property manager should thoroughly check credit, criminal history, rental history, and employment.

2. Ongoing Rent Collection & Enforcement

They should handle rent collection, assess late fees, and send notices in compliance with local landlord-tenant laws.

3. Maintenance & Repairs

Expect timely handling of repair requests, 24/7 emergency maintenance, and transparent vendor management.

4. Property Inspections

Regular inspections (move-in, move-out, and during tenancy) help catch issues early and document property condition.

5. Accounting & Reporting

You should receive monthly income and expense statements, year-end tax documents, and access to an owner portal for full transparency.

6. Legal Compliance

Your manager should stay up to date on landlord-tenant laws, fair housing regulations, and local rental ordinances.

While price is important, choosing a property manager based on value is key. A professional company with clear pricing, excellent communication, and comprehensive services will pay for itself by preserving your investment, minimizing vacancies, and reducing costly mistakes.

Looking for trusted, full-service property management in Oklahoma City metro area,  Contact OKC Management today for a free consultation and discover how we make owning rental property effortless.