What Does Property Management Cost in the Salem and Mid-Willamette Valley, Oregon
Mendell Gosnell - Tuesday, June 9, 2015
This question is one of the first questions owners tend to ask. However, it can be tough to answer without first knowing what you want managed, the services you need or will require and a long list of other highly relevant factors. Management companies that have fixed pricing may not be serving their clients needs effectively. Personally, I tell owners that the first question they should be asking is what do you deliver. A product or service is not deemed cheap or expensive relative to the upfront price but in relation to the value or return it produces over time.
Property management costs or fees can be made up of several different items such as the monthly management fee along with other ongoing fees or charges for additional services rendered. Some companies choose to offer one price for "almost everything", but then some owners may be paying too much since they do not need those extra services. Other companies charge a seemingly low price, but then charge for everything they do in the course of managing the property. This is not necessarily bad and at times can be a good choice for some owners allowing them to pay for just the items that they need.
The other issue that creates a wide gap in the general property management commissions is the size or amount of units being managed. As is the case with many things in business, as the amount goes up the price compresses due to economies of scale and other factors such as on-site management, on-site maintenance, etc...
Again, the best answer is "it depends".
BUT, you don't have to be in the dark. Most professional property management companies in the Salem, Oregon and surrounding area will be more than happy to take the time to answer your questions and quote you a price. If you are in need of professional property management services for your rental property in the Willamette Valley, Oregon area please feel free to give us a call today at (503) 588-0940.