Property Management Fee Calculator

Work out property management fee instantly with clear inputs, formula shown and shareable results.

About Property Management Fee Calculator

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.

Formula

Management cost

Total = rent x fee rate x months + rent x leasing fee in months

Worked example

With the default values below, Property Management Fee Calculator returns Total management cost of $117,600.00. Change any input above and every figure here is recalculated in your browser.

Inputs used

Monthly rent collectedminimum 0: 60,000
Management feeaccepts 0–25 %: 8 %
Leasing feeminimum 0 months rent: 1 months rent
Periodminimum 1 months: 12 months

Results

Total management cost: $117,600.00
Monthly management fee: $4,800.00
Leasing fee: $60,000.00
Total cost as share of rent: 16.33% %

Step by step

1Values used
2Management cost
3Total management cost= 117,600.00
4Monthly management fee= 4,800.00
5Leasing fee= 60,000.00
6Total cost as share of rent= 16.33 %

Assumptions and limits

The result is derived only from the 4 inputs listed above. Anything not among them is not part of the calculation.
In particular, this calculator does not take inflation or tax into account.
Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

Frequently Asked Questions

How is the Property Management Fee figure worked out?

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.

Should the fee be on rent collected or rent due?

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.

What values do I need to enter?

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.