Key Takeaways
-
Property management fees in Orlando typically range from 7% to 10% of monthly rent, plus additional charges for leasing, maintenance, and renewals.
-
LRES Property Management provides a comprehensive breakdown of costs, helping landlords understand exactly what they’re paying for.
-
Understanding the scope of services included in various fees is critical to choosing the right property management partner.
Are you trying to determine whether hiring a property management company is worth the cost? Many landlords grapple with this question, especially when weighing their time, responsibilities, and long-term investment goals.
While LRES Property Management pricing models keep you in mind, you always want to make sure you’re making the right choice when it comes to investing money.
While managing your own property might seem like a cost-saving move, the reality often includes unexpected stress, midnight maintenance calls, and legal complexities that can drain both your time and peace of mind.
Understanding the real cost of property management is key to making the right decision for your rental business. For landlords working with LRES Property Management in Orlando, knowing what you’re paying for and why can help you make smarter choices for your investment’s future.
CONTACT US TODAY FOR MORE INFORMATION
Getting Started: What You Might Pay Upfront
When partnering with a property management company in Orlando, landlords typically encounter an initial setup fee, which averages between $250 and $500.
This one-time charge covers essential tasks such as property inspections, account setup, and onboarding processes. Some companies may waive this fee, so it’s wise to inquire during initial discussions.
Typical Property Management Charges in Orlando
In the Orlando market, management fees usually range from 7% to 10% of your monthly rental income. For example, if your property rents for $1,500, you can expect to pay between $105 and $150 each month.
These fees typically cover rent collection, tenant communication, and maintenance coordination. However, service inclusions vary, so reviewing contracts closely is important.
What Services Are Covered in Ongoing Management Fees?
Ongoing management fees typically include:
-
Rent collection.
-
Maintenance coordination.
-
Tenant communications.
-
Financial reporting.
Many companies also offer online portals for landlords and residents, enhancing transparency and ease of access to property-related information.
How Property Value Can Influence Management Rates
The value of your property can affect the percentage-based management fee. Higher-value properties often generate higher rents, which may result in higher fees.
However, some companies offer tiered or flat-rate pricing to accommodate different property types. Always ask about flexible pricing structures when evaluating providers.
Costs Tied to Advertising and Listing Your Property
Effective marketing helps attract quality tenants. In Orlando, property managers may charge separate advertising fees that include:
-
Professional photography.
-
Online listings.
-
Yard signage.
These costs vary but are often well worth the investment to minimize vacancies and boost rental income.
What Goes Into Screening and Approving Residents?
Tenant screening generally includes:
-
Background checks.
-
Credit evaluations.
-
Employment and income verification.
-
Rental history analysis.
These services may be part of the leasing fee or charged separately. Thorough screening reduces risk and supports long-term tenant stability.
Understanding the Fees for Finalizing a Lease Agreement
Most Orlando property management companies charge a leasing fee, typically 50% to 100% of one month’s rent, to cover marketing, showings, screenings, and lease preparation. This is usually a one-time fee charged per new lease.
Why Every Management Company Prices Things Differently
Fee structures differ across companies. Some use flat-rate fees, while others charge a percentage of rent. The scope of services, like maintenance oversight and financial reporting, also influences cost. It’s essential to review what each company includes before signing a contract.
What to Expect With Lease Renewal Charges
When a resident renews their lease, companies often charge a lease renewal fee, typically between $250 and $500. This fee covers administrative updates, market rent evaluations, and legal compliance.
Some companies bundle this into their monthly management fee, so always clarify.
Maintenance Fee Structures and What They Cover
Maintenance coordination may be billed as:
-
A percentage of the repair cost (around 10%).
-
A flat coordination fee.
These charges ensure timely responses to maintenance issues, which helps preserve property value and tenant satisfaction.
What Annual Inspections Usually Cost Landlords
Annual inspections, which assess property condition and compliance, usually cost $75 to $150. These inspections include documentation and maintenance recommendations, contributing to long-term property upkeep.
Costs Associated With Handling Evictions
Eviction-related fees in Orlando range from $800 to $1,000, covering court costs, attorney fees, and administrative support. Property management companies help navigate this complex process efficiently and lawfully.
Are There Charges When Your Property Sits Vacant?
Some companies charge a vacancy fee, a reduced management fee that covers continued property oversight during vacancy. This ensures the home is maintained and ready for new tenants. Make sure to ask about these fees when reviewing contracts.
Bottom Line
There’s no one-size-fits-all solution when it comes to property management. Your property’s needs, your investment goals, and your lifestyle all play a role.
Working with a trusted local expert like LRES Property Management in Orlando ensures you get tailored service, transparent pricing, and expert guidance every step of the way. If you’re ready to simplify your rental business and protect your investment, reach out to LRES today to explore your options.
Disclaimer: This article is for informational purposes only and should not be considered legal, financial, or real estate advice. Prices and services may vary by provider and market conditions. Always consult directly with property management professionals, like LRES Property Management, for the most accurate and personalized information.
Return to Main Blog Page >