A Scottsdale Property Manager for your Scottsdale rental property requires a large amount of due diligence. In the past 18 months, the number of companies registered for property management services in Scottsdale has grown approximately 400% ! Scottsdale Property Managers are in large supply, but are they all created equal? Not really. The differences range from quality of service, quality of workmanship on maintenance and pricing. Here are some items to consider when looking at your prospective list of Scottsdale Property Managers.
Real Property Management North Valley Is Your Scottsdale Property Manager
What is the advertised management fee? It is generally accepted that it costs a Scottsdale Property Manager 7-8% of the rent to actually manage the property. Therefore, the only profit they see is anything above that amount. So how is it that many of the Scottsdale Property Managers advertise in the neighborhood of 6%. Well, there are really only two answers to that. One they are losing money on your property until they get enough volume to bump up rates. That is very risky to you the owner of the property, because if they are taking this risk on their end, and they go out of business, you can be liable for any tenant deposits and other expenses incurred by the company on your behalf. The second answer for an unusually low management fee from a Scottsdale Property Manager, is that they will recoup that money somewhere else, in a sneaky manner. We reviewed many property management agreements from Scottsdale Property Managers that advertised very low management fees, and found that when you added in the hidden fees they were using to recoup their costs (based on a property renting for $1000 a month), the effective management fee they were charging was anywhere from 13-18% of the monthly rent! Be sure to read the fine print on these companies advertising low fees, it may save you lots of money.
Real Property Management North Valley prides itself in being one of the most respected Scottsdale Property Managers. We offer a non-nonsense, straightforward fee structure. Our monthly management fee is 10% of the monthly rent, and no hidden fees. When you go on your search for a Scottsdale Property Manager, feel free to stop by, have a coffee, and compare our contract with any others you are considering. We think you will find that when it comes to a property manager in Scottsdale, Real Property Management North Valley is the preferred choice. Scottsdale property management is what we do, it’s what are good at!
Tags: advertising scottsdale properties, scottsdale property managers fees, scottsdale rental property
