Property Management Fees – The Real Cost in Portland Oregon

Hello I’m James White here with Blue Roof Property Management. I’m here today to talk about the cost of doing business with a Property Management company in the Portland Oregon metro area. One of the first questions I get when a prospective property owner gives me a call, “How much do you charge?” Valid question, they want to know and we’re going to get to that right now.

So, the cost of management fees we have found through polling, secret shopping, and review of prior Property Management Agreements provided to us by owners who transferred their property to us from another Property Management Company. Based on this information we have found the Property Management fees range from 8 to 10 percent. In addition there are typically tenant acquisition fees in the range of 50 to 60 percent which covers the cost of finding a tenant, the advertising, showings and moving the tenant in.

But you better beware of the common hidden fees found with most Property Management companies. Fees such as lease renewal fees, onboarding fees, Maintenance upcharge fees, inspection fees and many more. As you can see from this list, I’ve highlighted some of the charges you may experience if we assume your rent rate is $2,000 and you’ve negotiated a percentage at the lower end of the spectrum at 8 percent. However, what does that do in terms of your cost? Instead of an 8 percent rate, we’ve jumped all the way up to 12.4 percent to manage your property.

Now, I don’t know about you, but I don’t believe in hidden charges. I also believe when you hire a property management company to manage your property that it is their responsibility to do so in a respectful and appropriate manner to bring you the best solutions(s) possible for your property, without additional charges. So, I promise that we will never gouge you with hidden fees. That’s not how I like to be operated and that’s not how I’m going to operate.

If you have any questions, feel free to get in touch with me. I can be reached at the information on your screen, phone, email or our website which has the transparency of our fee structure.

Until next time, I hope you have a great day.