As a long-term rental property owner, you’ve probably wondered: Is hiring a property management company really worth the cost?
While managing your own rental might seem like a good way to save money, the truth is an experienced rental property manager can actually increase your income, protect your investment, and save you time.
In this article, we’ll break down the real costs and benefits of professional long-term rental property management.
How Much Does Long-Term Property Management Cost?
First, let’s talk numbers. On average, long-term rental property management companies charge between 10% and 15% of your monthly rent.
It might seem like a significant expense, but what you gain in return is time, peace of mind, and often higher income.
Understanding the cost of property management helps you make informed decisions that benefit your bottom line.
Standard Fees Charged by Property Management Companies
Here are some typical fees you might encounter:
Management Fees
Covers tenant communication, rent collection services, lease management, and general operations.
Maintenance Fees
For coordinating property maintenance and repairs, including inspections and emergency response.
Marketing Fees
For advertising your rental and ensuring minimal vacancy through effective tenant placement.
At NOLAPMSolutions, we do things differently. We charge a flat 10% fee and offer no start-up costs, no lease renewal fees, and no upcharges on repairs. With us, you get transparent pricing and no hidden costs, making us a standout in New Orleans property management
How Property Managers Help You Earn More from Your Rental
The right rental property manager does more than just handle logistics—they help you maximize returns.
Rental Pricing Strategy
Experienced managers use market data to set optimal rent prices. This helps you stay competitive and ensures your property generates consistent income key to successful long-term rental property management.
Effective Marketing
With professional photos, engaging property descriptions, and listings across top rental platforms, your property gains more exposure. Better visibility means better tenants and lower vacancy rates.
High Occupancy Rates
By handling lease renewals, responding to inquiries quickly, and coordinating move-ins and move-outs, property managers keep your units consistently occupied.
Tenant Screening
A thorough tenant screening process ensures you get responsible renters.
Combined with timely property maintenance, this helps protect your property and prevents late payments or lease violations, which are critical in maintaining long-term rental success.
Interested in earning more from your rental property without the stress?
Please Contact Us today to learn how we can help.
Why Hiring a Property Manager Reduces Landlord Stress
Managing a rental property can feel like a full-time job. A professional rental property manager takes that burden off your shoulders.
24/7 Tenant Support
Tenants may need help at any hour. With a property manager, you won’t need to field calls in the middle of the night.
Routine Property Maintenance
Regular inspections and property maintenance catch issues early, preserving your investment and tenant satisfaction.
Move-In and Move-Out Coordination
Coordinating cleaning and repairs between tenants can be time-consuming. A property manager handles this seamlessly, ensuring your property is always ready.
Emergency Repairs
From broken HVAC systems to plumbing issues, a property manager has trusted vendors ready to resolve problems quickly and efficiently, all part of the expert support you receive through professional New Orleans property management.
Is a Property Manager Worth the Cost for Long-Term Rentals?
Absolutely. While there is a cost to hiring a manager, the benefits of hiring a property manager often far outweigh the fees.
You gain more income potential, fewer headaches, and greater confidence that your investment is in good hands.
With services like rent collection services, tenant screening, and property maintenance all handled professionally, your role as an owner becomes more passive and profitable.
Standard Management Details
For just a flat 10% of your rental income, our Standard Management package includes:
- Electronic Rent Collection and Owner Disbursement.
- Property Maintenance and Repair Coordination.
- Tax Reporting and 1099s.
- Tenant Screening.
- Move-In/Move-Out Coordination.
- Peace of Mind.
Frequently Asked Questions
Q: What is a typical property management fee for long-term rentals?
A: Most companies charge between 10% and 15% of monthly rent. At NOLAPMSolutions, we charge a flat 10% with no hidden fees, making us a top choice in New Orleans property management.
Q: How can a property manager help reduce vacancy?
A: By marketing your rental, screening tenants carefully, and managing lease renewals, a rental property manager helps ensure your property stays consistently occupied.
Q: What services does a property manager provide?
A: Services typically include rent collection, property maintenance, tenant screening, lease management, and 24/7 support as part of a full-service long-term rental property management plan.
Ready to stop managing and start earning more?
Contact NOLAPMSolutions today to learn how our long-term rental property management services can take your investment to the next level.
Or view our full Pricing Page to see how affordable expert management can be.