Work out property management fee instantly with clear inputs, formula shown and shareable results.
Property management is usually charged as a percentage of rent collected, typically eight to twelve percent for residential, plus a one-off leasing fee of half a month to a full month's rent for finding a tenant. Combining them shows the true cost, which in a year with a tenant change can exceed fifteen percent of gross rent.
Management cost
Total = rent x fee rate x months + rent x leasing fee in months
Total = rent x fee rate x months + rent x leasing fee in months. Property management is usually charged as a percentage of rent collected, typically eight to twelve percent for residential, plus a one-off leasing fee of half a month to a full month's rent for finding a tenant.
On rent collected. Basing it on rent due removes the manager's incentive to chase arrears, which is one of the main services being bought.
This calculator takes 4 inputs: Monthly rent collected, Management fee, Leasing fee, Period. The pre-filled defaults are a realistic worked example — replace them with your own site or project figures.