As a property owner, one of the biggest decisions you’ll make is whether or not to hire a property manager. While the benefits of professional management are clear because it provides less stress, better tenant retention, and maximum profits, understanding “What do property managers charge?” is just as important. Fees can vary widely depending on the services offered, the location of your property, and the company you work with. At Citadel Realty LLC, we pride ourselves on being upfront about costs and providing exceptional value for our clients. Not only that, but we strive to bring care and value to every interaction for both our property owners and tenants.
CONTACT US FOR PROPERTY MANAGEMENT
When it comes to the management of your most valuable assets, Citadel Realty LLC is eager to achieve excellence in every detail. We strive to provide a thorough and interactive approach that accommodates both you and your tenant, enabling you to observe and appreciate the benefits of your investment in residential and commercial property management in Colorado Springs and the surrounding areas. We opened our doors in 1980 and have been a leader in real estate and property management ever since.
Now that you know what company is the best to work with for your property management needs, let’s break down the most common fees, what affects them, and how to ensure you’re getting the best bang for your buck when it comes to “What do property managers charge?”.
Most common property management fees
Property managers typically charge for a range of services, each tailored to making your life as a landlord easier. Here are some of the most common fees we see in the industry:
- Leasing fee: A one-time fee to find and screen tenants, prepare the lease, and handle move-in details.
- Monthly management fee: Usually a percentage of the rent collected, this fee covers day-to-day management tasks. 10-12% is a likely percentage that you will see from a property management company in Colorado.
- Maintenance fees: Some managers charge for coordinating repairs or ongoing property upkeep. You will pay for the repairs separately from the property management costs. At Citadel Realty LLC, all of our vendors are required to have insurance and if needed, licenses. We make sure they charge a fair price for all work completed.
- Marketing and advertising fee: This fee covers professional photos, listings, and ads to ensure your property is rented quickly. Many of our services, like marketing, are included as part of our comprehensive property management offering. We use cutting-edge marketing tools to connect with a wide local audience, and we syndicate listings across numerous classified sites. We list properties on many websites with a complete description.
- Eviction fee: If eviction becomes necessary, there may be additional charges to cover the legal process.
At Citadel Realty LLC, we believe in being transparent about these fees, so there are no surprises later on. Another thing to consider when looking at fees is the different factors that can affect the overall cost. Let’s break those down as they impact the answer to, “What do property managers charge?”.
Factors that affect property management costs
The cost of property management depends on several factors, including the size and type of the property. Larger properties or those with multiple units typically require more work, which can influence fees. Location also plays a role, as rental market demand in Colorado Springs can impact pricing. Additionally, the level of services needed affects costs. A full-service property management package offers more value and peace of mind but may cost more than basic tenant placement. At Citadel Realty LLC, we work closely with property owners to create customized management plans tailored to their specific needs and budgets.
Why transparency matters in property management fees
It’s important to work with property managers who are upfront about their fees. Hidden costs or vague pricing can lead to frustration and unexpected expenses. At Citadel Realty LLC, we’re committed to clear, transparent pricing because we believe that property owners deserve to know exactly what they’re paying for at all times. This approach allows us to build trust and deliver the best results to our clients.
If you’re looking for a property management company you may be interviewing multiple providers. That’s why we’ve created a list of questions to ask about fees to make sure you’re not in the dark when it comes to “What do property managers charge?”
7 Questions to ask property managers about fees
- What is included in your monthly management fee?
- Are there additional costs for tenant placement or renewals?
- How do you handle maintenance and repair costs?
- Do you charge for property inspections?
- What fees are associated with evictions?
- Are there any administrative or hidden fees I should know about?
- Do you offer discounts for managing multiple properties?
Citadel Realty, LLC answers all your questions like, “What do property managers charge?”
When deciding to hire a property manager, understanding the costs is essential. By asking the right questions and working with a company that prioritizes transparency and value, you can feel confident in your decision. At Citadel Realty LLC, we pride ourselves on being property managers you can trust. We’re here to handle every detail, so you can focus on the benefits of owning rental property. If you’re curious about what property managers charge or want to learn more about our services, let’s chat. Contact us today to learn more about the services we provide.
Read this 5-star review from our happy tenant Jesse
“This realtor is literally the best I have had the pleasure of doing business with. The management is amazing. I rented a house through them for my family. As a single father at the time they were understanding and very accommodating. I recommend renting or purchasing property through them to all my friends and co workers. I have lived at a few different apartment complexes in North Colorado Springs and none of these companies come even close to the team that works here. If I ever had an issue that needed maintenance they were so fast with getting a company out to fix it. After 2 years of leasing with them, I would do business with them again in a heartbeat”
CONTACT US FOR PROPERTY MANAGEMENT
Citadel Realty, LLC provides top-notch services for residential, land, income properties, bank-owned properties, and relocation in the El Paso County area. We pride ourselves on providing the best customer service with honesty, integrity, and respect. Contact us to get the best property management services in Colorado Springs, Monument, Fountain, Falcon, Manitou Springs, and other cities in El Paso County. With decades of experience in real estate and property management, you can rest assured that your property is under professional care. Give us a call at 719-266-6003.
