The cost of property management fees? We’re going to pull the “it depends” card.

Sure, they typically range from 8% to 12% of the monthly rent, but these fees are based on the property type, location, and services included, meaning they could be higher or lower.

Want the full breakdown? Let’s do this.

How Do Property Management Companies Charge?

There are two ways that property management firms charge: a flat monthly fee or a percentage of the total rental income.

Flat Fee

With a flat fee, you’ll pay a fixed amount each month, regardless of your property’s rental income. Flat fees are advantageous for a few reasons:

• Higher rental income: If your property commands top dollar in the rental market, a flat fee can be a real money-saver. You’ll pay the same amount whether you’re collecting $2,000 or $30,000 in rent each month.
• Predictable budgeting: Knowing your property management costs are fixed will give you peace of mind, especially if you’re just starting out as a landlord and you’re juggling, you know, life and a full-time job.
• Simplicity: A flat rate eliminates the need for complex calculations or percentage-based adjustments, making it a straightforward and transparent option, particularly at tax time.

Learn more: how much rent should I charge?

Percentage Fee

And percentage fees? Instead of paying a fixed monthly fee, you’re giving your property manager a slice of the pie (or, in this case, a percentage of your rental income). The more rent you collect, the more they earn.

So, if your monthly rent is $2,000 and the management fee is 10%, you’ll pay $200 each month.

Now, why might this model be a good fit for you?

• Lower upfront costs: If your rental income is on the lower end, a percentage fee might be easier on your wallet.
• Alignment of interests: With a percentage fee, your property manager’s earnings are directly tied to your rental income. This means they’re motivated to find great tenants, keep your property occupied, and maximize your rent.
• Flexibility: If your rental income fluctuates (maybe you have seasonal vacancies), a percentage fee can be more adaptable to those changes.

Our approach? We give you the best of both worlds: a flat fee that won’t break the bank. Yup, we charge a flat monthly fee of just $125, no matter how much rent you collect or how big your property is. It’s our “no hidden fees, just awesome service” guarantee.

Learn more: why do we charge flat fees?

Fee Structure and Property Management Costs

Wait… how do property management companies even come up with their figures? Let’s dig through the most common fees to find out:

Monthly Management Fee

The core of property management costs is management fees that cover day-to-day tasks like collecting rent, handling maintenance requests, and tenant communication. As we pointed out earlier, expect to pay around 8-12% of your monthly rental income.

Larger complexes or commercial properties may command lower percentages due to economies of scale, but 8-12% is the typical going rate.

Leasing Fee

Think of the leasing fee as your property’s “welcome wagon.” It covers the cost of finding the perfect tenant—advertising your property, screening applicants, and crafting a solid lease agreement.

Typically, it’s calculated as a percentage of the first month’s rent (say, 50-100%) or a flat fee. It’s a one-time fee that only applies when a new tenant moves in, so it’s not a recurring monthly cost.

Lease Renewal Fee

Time flies when you’ve got great tenants. A lease renewal fee pops up when your current renter decides to stick around.

It covers the property manager’s work in negotiating the new lease terms and handling all the paperwork. It’s a small investment in continued stability and tenant satisfaction.

Maintenance Fee

Maintenance fees cover, uh-huh, the maintenance costs of keeping your rental property in tip-top shape.

Some companies wrap this into the monthly management fee, while others bill it separately. Knowing how your property manager handles maintenance—and what it’ll cost you—can save you from some serious wallet drain.

Tenant Placement Fee

Tenant placement fees are a one-time charge that covers the cost of finding your perfect renter—from advertising and showings to background checks and lease signing. Typically calculated as a percentage of the first month’s rent, the fee lands you a qualified tenant without lifting a finger. Easy-peasy!

Marketing Fee

Marketing fees cover the cost of getting your property noticed by potential renters. Think professional photos, online listings, social media campaigns, and even good old-fashioned “For Rent” signs. 

Marketing fees aim to get your vacancy filled quickly with a quality tenant, minimizing any income gaps. While some companies include this in their management fees, others charge it separately, especially for those with extra marketing oomph.

Inspection Fee

Okay, so maybe you don’t want to be that landlord who’s constantly popping in unannounced (cue the eye rolls from your tenants). But regular check-ups for your property? Totally necessary.

Property inspection fees cover those routine visits to make sure everything’s running smoothly and your investment is being treated right. Some property managers roll this into their monthly fee, while others charge per visit. Either way, it’s a small price to pay for knowing your property is getting the attention it deserves.

Vacancy Fee

Vacant properties equal empty pockets, right? That’s where vacancy fees come in. This fee kicks in when your property is sitting empty, helping to cover the costs of marketing, showings, and general upkeep while you’re between tenants.

While not all property managers charge this fee, it’s something to be aware of, especially in competitive rental markets.

Administrative Fee

Behind every successful rental property is a mountain of paperwork. Administrative fees cover the cost of all that behind-the-scenes magic—think processing applications, collecting rent, managing finances, and keeping your legal ducks in a row. It’s the glue that holds the whole property management operation together.

While often bundled into the monthly management fee, some companies break it out separately.

Late Payment Fee

Nobody likes chasing down late rent payments. That’s where late fees do their thing—a little nudge (or sometimes a shove) to encourage tenants to pay on time.

It’s usually charged as a percentage of the overdue rent or a flat fee, which helps compensate for the extra admin work and potential financial headaches caused by tardy tenants. It also protects your cash flow and keeps your investment running smoothly. Super worth it!

Set-Up Fee

Starting a new relationship with a property manager? A set-up fee covers all that initial legwork—from creating your account and prepping your property file to marketing your vacancy and finding that perfect tenant.

It’s a one-time charge to get the ball rolling. While some companies waive this fee, others use it to offset those upfront costs. Either way, it’s all about laying the foundation for a successful and stress-free landlord experience.

Early Termination Fee

An early termination fee comes into play if you decide to end your management agreement before the contract expires. It’s like a “sorry for the inconvenience” charge to cover any lost revenue or unexpected costs on their end.

A friendly word of advice: before you jump ship, make sure you’ve read the property management contract’s fine print and weighed the pros and cons. Sometimes, a little communication and compromise can go a long way in avoiding unexpected break-up fees.

Eviction Fee

The eviction process is never fun, but sometimes, it’s a necessary evil. Eviction fees cover the cost of navigating that tricky legal process—from serving notices and filing court paperwork to (hopefully) peacefully removing a tenant.

Sure, it can be a stressful situation, but a professional property manager will handle the heavy lifting. That way, you can be sure you’re following the law and protecting yourself against any possible legal action.

Additional Fee

And just when you thought you had a handle on all the fees, surprise! Sometimes, property managers have a few extra charges up their sleeves. These might include things like emergency repair fees, legal fees, or even fees for specialized services (like landscaping or pest control).

To avoid any unexpected surprises, always review your management agreement carefully. Knowing what you’re signing up for will save you from some serious financial headaches down the road.

Learn more: how to manage properties as a first-time landlord?

Factors Affecting the Cost of Property Management

So, why do property management fees vary so much? Several factors come into play:

1. Location, location, location: It’s true, where your rental property is located plays a big role in the cost of property management. Managing a property in a bustling city center will likely cost more than a quiet suburban spot. Think higher demand, more competition, and those big-city price tags.
2. Property size and type: Managing a cozy studio apartment is a different beast than wrangling a sprawling mansion with a pool and tennis court. The type of property (single-family home, condo, multifamily) and its size (square footage, number of units) all factor into the equation.
3. Property value: A higher-value property generally comes with higher management fees. This is true for two reasons: 1) If you’re paying a percentage fee, the higher the property’s value, the more you’ll pay, and 2) there’s more at stake, and the manager may have increased responsibilities, such as dealing with more demanding tenants or managing higher-end amenities.
4. Property condition: A brand-new, sparkling property is generally easier (and cheaper) to manage than a fixer-upper with a laundry list of issues. Think about it—more maintenance = more costs.
5. Services offered: Do you want a property manager who just collects rent and handles repairs? Or do you need the whole shebang, including tenant screening, marketing, and even legal assistance? The more services, the higher the cost.

What Does a Property Manager Do?

Property managers act as a buffer between you and your tenants, handling communication, resolving disputes, and doing their best to make sure there’s a smooth rental experience for everyone involved.

Naturally, this starts with finding and screening tenants. Property managers handle everything from advertising vacancies and showing properties to conducting background checks and verifying employment history. They aim to get reliable renters who will pay on time and treat your property with respect. And it’s in their best interest to do so. It benefits them, too.

Once a tenant has moved in, property managers take care of the ongoing financial management. They collect rent, handle security deposits, and make sure all payments are processed without a hitch. They also keep records and provide detailed financial reports, giving you a clear picture of your investment’s performance.

Of course, no property is immune to the occasional leaky faucet or broken appliance. Property managers coordinate maintenance and repairs. They have a network of trusted contractors and can handle everything from routine maintenance to emergency repairs, saving you the hassle.

But it’s not just about toilets and tenants. Property managers also navigate the complexities of landlord-tenant law. They’ll do their best to make sure your property complies with all local regulations, handle lease agreements, and can even assist with evictions if necessary. These actions protect you from time-consuming legal headaches.

Learn more: what do property managers do?

Is Using Property Management Services Worth It?

It’s the age-old landlord dilemma: DIY or delegate? Let’s weigh the pros and cons to help you decide if it’s a match made in real estate heaven.

On the “heck yeah, it’s worth it!” side:

1. Serious time saver: Say goodbye to late-night maintenance calls, tenant disputes, and endless paperwork. Property managers free up your precious time, allowing you to focus on your career, family, or simply enjoying life beyond being a landlord.
2. Expertise on tap: Landlord-tenant laws, property maintenance, tenant screening—it’s a lot to juggle. Property managers are experts at their craft, ensuring you’re always on the right side of the law and your investment is in good hands.
3. Stress reduction guru: Dealing with difficult tenants, chasing rent payments, and handling emergencies can be a recipe for sleepless nights. Property managers take the stress out of renting, allowing you to enjoy the benefits of passive income without the drama.
4. Maximize your returns: From finding quality tenants to minimizing vacancies, property managers are pros at optimizing your investment. They’ll help you increase rental income, reduce expenses, and make sure your property is performing at its best.

The “hmm, maybe not” side of the argument:

1. Cost considerations: Property management fees can eat into your profits, so it’s important to weigh the costs against the benefits. However, remember that a good property manager will often save you money in the long run by preventing costly mistakes and maximizing your rental income.
2. Loss of control: Handing over the reins means relinquishing some control over your investment property. You’ll need to trust your property manager to make decisions on your behalf, which can be a bit daunting for some landlords.
3. Potential for mismatches: Not all property managers are created equal. Finding the right fit for your needs and property can be seriously difficult. Do your research, read reviews, and interview potential companies to find the perfect fit.

Learn more: 10 questions to ask before choosing a property management company.

How to Choose the Right Property Management Company

Finding the perfect property manager is like finding the perfect roommate—you need someone trustworthy, reliable, and who shares your values (and maybe even your love of houseplants).

But with so many options out there, how do you choose the right one for your precious investment? Here’s how:

1. Experience matters: Here’s a no-brainer: you’ll want to find a property manager with a solid track record. Look for companies with experience in your property type and location. They know the ins and outs of the local market, landlord-tenant laws, and those pesky neighborhood quirks.
2. Reputation is everything: Word of mouth is powerful, especially in rental property management. Ask for referrals from other landlords, read online reviews, and check out their social media presence. A company with a stellar reputation is worth its weight in gold.
3. Fee-fo-fum, show me your fees: We’ve done fees to death, but it’s still worth mentioning that transparency is everything in this industry. Don’t be shy—ask prospective property managers about their fee structure, what’s included, and any potential hidden costs. Don’t be afraid to compare pricing between different companies.
4. Services tailored to you: Do you need a full-service property manager who handles everything from tenant screening to evictions? Or do you prefer a more hands-on approach? Make sure their services align with your needs and management style.
5. Communication is key: A good property manager is like a good therapist—they listen, communicate clearly, and are always there when you need them. Pay attention to their responsiveness and how they handle your questions and concerns.
6. Tech-savvy is a plus: A tech-forward property manager will make your life a whole lot easier. Look for companies with online portals, automated rent collection, and maybe even self-showing options.
7. Don’t skip the meeting: It’s important to get to know your potential property manager before committing to anything concrete. Schedule meetings with a few companies, ask questions and get a feel for their approach.
8. References are your friend: Don’t be shy about asking for references from past clients. Hearing firsthand experiences will give you valuable insights into their strengths and weaknesses.

Want to check out our track record? Jump over to Trustpilot. There, you can read through our past and the clients’ experience with our services.

Empower Your Property Decisions With Ziprent

Preaching to the choir here, but managing a rental property is no walk in the park. It’s a juggling act of tenants, malfunctioning toilets, and collecting rent checks. Thankfully, with the right knowledge and support, you can turn your investment into a stress-free, income-generating machine.

And that’s exactly where Ziprent, that’s us, comes in. We’re not your average property management company. We’re your partners in real estate success, offering transparent pricing, tech-driven solutions, and a team of dedicated experts who are passionate about helping property owners like you thrive.

Ready for serious success? Head over to our property management service page, and let’s do this!

In a recent interview on Live Now Fox, Ziprent CEO Arvand Sabetian highlighted the transformative role of artificial intelligence in the property management sector, particularly with assisting landlords in finding qualified tenants for their rental property. Started in 2017, Ziprent has placed over 5,000 qualified tenants for landlords with rental properties.

What Do Property Managers Do? A Comprehensive Guide

Don’t find unclogging toilets incredibly inspiring? Tired of playing “Where’s My Rent?” every month? 

Unless you’re a plumber-lawyer-therapist hybrid, a property manager just might be your sanity saver. From fielding surprise 3 AM maintenance calls to deciphering cryptic lease clauses, property managers handle the day-to-day operations so you can actually enjoy the fruits of your rental property investment.

The responsibilities of a property manager don’t end there, though. Let’s explore what else they get up to.

Key Responsibilities of a Property Manager

Property manager’s responsibilities—here’s their MO:

1. Tenant management
2. Rent collection and financial management
3. Property maintenance and repairs
4. Legal compliance and risk management
5. Marketing and leasing

Tenant Management

The success of a rental property hinges on quality tenants, precisely where property managers earn their keep. Here’s how they handle the ins and outs of tenant management:

• Screening Tenants: A good property manager has a knack for reading between the lines. It’s not just about credit scores and background checks—they use their experience to spot potential issues in an application that could turn into trouble later. This saves landlords from a lot of headaches (and unexpected costs).
• Lease Agreements: Lease agreements can be as thrilling to read as a phone book. Property managers know the sneaky clauses that can bite you later and make sure you’re completely protected.
• Handling Tenant Concerns: Property managers know that quick responses and clear communication make tenants feel valued. Happy tenants mean fewer vacancies and a smoother-running rental business.
• Move-Ins and Move-Outs: Anyone can snap a few blurry photos of an apartment, but a thorough property manager leaves no room for doubt. Their detailed move-in and move-out process protects both you and the renter, making transitions fair—no unwanted deductions or disputes later.

Rent Collection and Financial Management

The whole point of owning a rental property is to generate the stuff that makes the investment properties world go round: rental income. Something that the best property managers shine at. Here’s how they keep the money flowing smoothly into your back pocket:

• Setting and Collecting Rent: Property managers monitor similar properties’ rent prices and help you get top dollar without scaring off potential tenants. They also set up easy-to-use systems for monthly rent collection (because who does manual money transfers anymore?).
• Managing Security Deposits: Security deposit rules often have property owners screaming, “no entiendo!” and one wrong step can land you in serious hot water. Yikes! A good property manager knows the local laws inside and out, keeping you safe from potential lawsuits.
• Tracking Income and Expenses: Rental finances can get complicated quickly. A property manager tracks every rent payment coming in and every expense going out, giving you a crystal-clear understanding of where your money is being spent and not being spent. Peace of mind 101.
• Financial Reports: Instead of a pile of receipts at the end of the year, a property manager gives property owners easy-to-understand reports. These aren’t just for taxes—they help you spot patterns and make smart decisions to boost ROI.
• Tax Time Made Easier: Many property managers know the ins and outs of rental property tax deductions. So say goodbye to tax time anxiety and hello to tax time savings.

Property Maintenance and Repairs

Want to attract responsible tenants (and not the ones who think “vintage” means moldy carpet)? A well-maintained rental is a must. That’s where a property manager and insider knowledge on property maintenance come to the rescue. Here’s how they handle maintenance issues:

• Regular Inspections: Property managers’ detailed inspections catch things like a slow leak under the sink before it turns into a major mold issue—saving you big headaches and unexpected costs down the road.
• Coordinating Repairs: When maintenance requests are filed, property managers have a go-to team of reliable professionals, so routine upkeep and repairs get done right (and for a fair price). That means less stress for you and happier tenants.
• Emergency Repairs: Things break. There’s no avoiding it. Property managers are ready to handle on-site crises, making sure the problem is fixed right away to minimize damage and keep your tenants safe.
• Overseeing Improvements: Remodeling a rental can feel overwhelming. A property manager acts as a personal contractor, handling every last detail and making sure the project stays on track.

Legal Compliance and Risk Management

Rental properties come with a tangle of regulations that can trip up even the most careful landlord. A good property manager knows how to navigate these complexities, minimizing your risk and protecting you from costly legal trouble. Here’s how they help you stay on the right side of the law:

• Landlord-Tenant Laws: These laws vary from state to state and, sometimes, even city to city. Property managers stay up-to-date on the latest changes, making sure your lease agreements and practices are compliant.
• Fair Housing Practices: Discrimination lawsuits are a landlord’s nightmare. Property managers are well-versed in fair housing laws, meaning your screening and tenant selection processes are a-OK.
• Evictions and Disputes: If a tenant situation does turn sour, property managers handle it by the book. They know the proper procedures for evictions and other legal disputes, protecting your rights from start to finish.
• Insurance Coverage: The right insurance is a non-negotiable, but policies can be confusing. Many property managers advise on appropriate coverage levels and will even help you secure the best policy for your property.

Marketing and Leasing

Minimizing vacancies maximizes your rental income. Property managers are pros at finding great tenants and filling those vacant units quickly. Here’s how they do it:

• Attractive Listings: Property managers turn your rental into an online hot spot—professional-grade photos, snappy descriptions, and highlighting features that make prospective tenants swoon.
• Strategic Marketing: This isn’t a spray-and-pray kind of deal. Property managers are marketing experts, figuring out exactly where your ideal tenants are hanging out and showcasing your property in a light that’s product-market fit perfect.
• Efficient Showings: A good showing is like a first date, so your place needs to look its best! Property managers handle the staging and answer even the trickiest questions, turning lookie-loos into serious applicants.
• Negotiating and Preparing Leases: Leases are serious business, but that doesn’t mean they have to bore everybody to death. Property managers make sure your interests are protected, negotiate like champs, and can spot a problem tenant application from a mile away.
• Lease Renewals: Seriously, though, move-out day is the worst. Property managers know a happy tenant is a long-term tenant. They keep communication open, address issues quickly, and make lease renewal a no-brainer.

Types of Properties Managed by Property Managers

Different types of property present unique challenges, which is why property managers often niche down and specialize. Like anything, it’s a matter of interest and passion. Here’s an overview of the most common types of properties that benefit from professional management:

Residential Property Managers

• Single-family homes
• Townhouses
• Multifamily homes
• Apartments and condos
• Vacation rentals

Commercial Property Managers

• Retail
• Office spaces
• Hotels and motels
• Industrial buildings

Specialty Property Managers

• Senior living facilities
• Schools and universities
• Sports stadiums
• Theaters

Benefits of Hiring a Property Manager

Being a landlord is a full-time job—and then some. If you value your sanity (and your free time!), a property manager could be the best investment you ever make—honestly. They take the daily grind off your plate, letting you enjoy the returns of your real estate portfolio without the constant headaches.

A seasoned property manager also brings market knowledge, legal expertise, and a network of reliable vendors that most individual landlords simply don’t have. They are market trend experts who understand precisely what similar rentals in your area are charging. They have deep knowledge of landlord-tenant laws and can get a leaky roof fixed quickly and at a fair price. Their expertise in these areas translates into maximizing your income, avoiding costly legal slip-ups, and protecting the value of your property.

The best property managers also recognize that happy tenants mean fewer vacancies and a steadier income stream. Property managers excel at building positive landlord-tenant relationships—think quick response times to maintenance requests, clear communication, and proactive problem-solving.

Their market knowledge helps you set competitive rents, their thorough tenant screening minimizes the risk of evictions (which can be both expensive and time-consuming), and their relationships with reputable contractors can save you money on repairs and minimize downtime between previous and new tenants.

Qualifications and Skills Required for Property Managers

Depending on local regulations, there are minimum standards for becoming a property manager. Most states require property managers to be at least 18 years old, though some set the minimum at 21. Typically, a high school diploma or GED is required to demonstrate basic educational competency.

To work legally in the US, property managers must be a citizen or permanent resident. Many states also require property managers to hold a real estate salesperson or broker license. Obtaining this license isn’t just a checkbox exercise—it involves completing mandatory coursework, passing a rigorous exam, and submitting an application to your state’s licensing authority.

While you might not always need formal property management experience to get started, like any job, these first-principal skills are needed to perform well in the role. Relevant experience makes a huge difference in navigating the complex day-to-day challenges of the job, and some certifications or positions might even have minimum experience requirements.

Beyond experience, property managers need a specific skill set: excellent communication skills for interacting with everyone from tenants to contractors, patience to handle tricky situations calmly, meticulous attention to detail for managing contracts and finances, and the organizational prowess to juggle multiple tasks and properties simultaneously.

And what about formal education? Is that needed?

While not always mandatory in every state or city, pursuing professional certifications is a great way to set yourself apart as a property manager. Designations like CPM (Certified Property Manager), RMP (Residential Management Professional), and MPM (Master Property Manager) demonstrate a deep knowledge of the industry and a commitment to excellence. These certifications involve coursework, experience requirements, and ongoing education.

If there is a niche interest, there are specialized certifications as well, such as PCAM (Professional Community Association Manager) or credentials in sustainable building practices like LEED.

What to Look for in a Property Manager

Choosing the right property manager is a big decision, so don’t just pick the first one you find online. Here’s what to prioritize when weighing up your options:

1. Does the property management company or individual manager specialize in properties similar to yours? A manager with extensive experience handling apartment complexes might not be the best fit for your single-family home.
2. Landlord-tenant laws can be a confusing maze and vary widely by location. Look for a property manager who is deeply familiar with the regulations in your specific area.
3. A responsive property manager is worth their weight in gold. They should have clear communication channels, competitive management fees, and a proven track record of solving potential problems efficiently and professionally.
4. Before signing any contract, make sure you fully understand the property management company’s fee structure. Are there additional charges you might encounter? How often will you receive financial reports? Transparency on their end means fewer headaches later.

When to Hire a Property Management Company

Here are some situations where property owners often see a huge difference once they bring in professional help from a property management firm:

• Being a landlord is time-consuming. If you have another job or family commitments, a property manager will handle the daily operations required to manage a profit-providing rental so you can get back to the stuff that matters.
• Managing properties from afar is tough. Property managers offer local expertise and handle on-site issues quickly.
• Juggling several rentals is a lot for one person. Property management companies specialize in efficiently handling portfolios of all sizes.
• Property managers are experts in landlord-tenant law, marketing, and maintenance. They can save you from costly mistakes.
• Dealing with late-night repair calls and tenant issues is stressful. Property managers take the hassle away, letting you enjoy your investment.

Want to explore property management services that are right for you?

Check out our guide, which answers the following question: Do I need to hire a property management company?

Conclusion

Unfortunately, passive income isn’t the phenomenon we real estate investors thought it was. Although a skilled property manager almost makes the dream come true. They take the challenges of managing rental properties off your shoulders. Phew!

So, if you’re ready to reduce stress, save time, and reduce occupancy rates, hand the reigns over to a professional property manager. The right professional will make your real estate investment feel genuinely worthwhile.

FAQs

Still have questions? We’ve got you.

What are the basic functions of a property manager?

Property managers handle the day-to-day operations of rental properties. Their responsibilities cover everything from finding tenants and collecting rent to handling maintenance, addressing tenant concerns, and ensuring compliance with relevant laws.

What is a property manager’s first responsibility to the owner?

A property manager’s main responsibility is to maximize the profitability of the rental property while protecting the owner’s investment. This means finding quality tenants, setting competitive rents, maintaining the property, and providing accurate financial reporting.

What qualifications and skills are required for a property manager?

Qualifications vary by state but often include a real estate license and a minimum age requirement. Key skills include strong communication, problem-solving, organization, knowledge of landlord-tenant laws, and basic accounting principles.

What are the typical duties included in a property manager’s job description?

A property manager’s job description typically includes:

• Marketing and leasing vacant units
• Screening and selecting tenants
• Collecting rent and handling late payments
• Coordinating repairs and maintenance
• Addressing tenant concerns
• Conducting inspections
• Enforcing lease agreements
• Preparing financial reports

Each home is made from different materials which all require different techniques when it comes to cleaning. What works on some materials might not work on another and could do serious damage. For renters, this means any time you move into a new home, you need to find out the proper cleaning methods for each part of the home. One of the more common materials used for flooring in modern homes is laminate floors. Here are some tips for properly cleaning your laminate floors: 

Do not do list:

• Don’t use any steam cleaners. The extreme heat and moister can have a negative impact on the glue under the panels. Over time, this can result in serious water damage. 
• Don’t use any regular mops. This is for the same reason as the steam cleaner. Too much water on the laminate floors can create water damage over time. 
• Avoid using any old-school bristle brooms. The bristles can fall off the broom and over time can scratch and damage the laminate floors. 
• Try not to use any products that say they will make the floor shiny. These products can leave a waxy build-up over time and is extremely difficult to remove. 
• Don’t use any traditional wood cleaners. The floors may look like wood, but it isn’t the same. Oily wood cleaning soaps can leave ugly streaks on laminate floors. 
• Avoid using any abrasives like sponges, steel wool, and baking soda. These can damage and scratch the floors
• Never use vinegar. It’s a popular cleaning ingredient but it is extremely acidic and can break down the surface of laminate floors over time. 

Protecting the floors

• Do your best to now allow large amounts of liquids to rest on the floor. If anything is spilled, soak it up immediately to avoid water damage. 
• Just like with wood floors, use pads beneath your furniture to avoid creating any scratches or divots in the laminate floors whenever you need to move your furniture.
• If you have pets, place mats underneath their food and water bowls to prevent any water from getting onto the floors. 

How to clean

One of the best ways to clean your laminate floors is to use a dry mop on a daily basis. This will pick up any dust and particles that over time could lead to scratches on the floor. Try to avoid using any regular bristle brooms and instead use a cloth dry mop. Microfiber works really well with laminate floors. 

While a dry mop can handle the dust and smaller particles, you’ll need to vacuum regularly as well. One great option for regular vacuuming is robotic vacuums. These can help you reach places you can’t easily get to like under furniture. 

Finally, when it comes to cleaning laminate floors, the general rule of thumb is to use gentle cleansers. One simple solution you can make is one part rubbing alcohol, three parts water, and one squirt of dish soap. You can apply this to the floors using a lightly dampened cloth. Follow up the cleaning by wiping the floor down with a dry cloth immediately after.

If you plan on living in the same rental unit for over a year, it’s reasonable to expect some minor cosmetics may need to be fixed. The high traffic areas of the home are areas that will see the most wear-and-tear. One place that can see a lot of damage over time is the door jamb. This can come from moving furniture, regular bumping and scraping, and just the opening and closing of the door over time. Instead of just living with this eyesore, tenants can easily paint the door jamb on their own. 

Step 1: Take the door off the hinges

With a screwdriver and a hammer, remove the pin from the top of the hinges. Once the pins are removed, live the door up and pull it out. This will be a good time to replace the hinges and the doorknobs if they look a little worn or outdated. 

If you plan on painting the door the same color as the doorjamb, you can just keep the door on the hinges. If this is your plan, make sure you cover the hinges with tape to make sure you don’t get any paint on them. 

Step 2: Protect the floor 

Place some paper, cloth, canvas, or plastic on the floor around the area you are painting. Use some tape to secure the floor coverings around the edges. Make sure none of the floor around your work area is exposed. 

Step 3: Use painter’s tape

Line the door frame and any other exposed area you don’t want to paint with painter’s tape. If you are keeping the door on the hinges, use painter’s tape to cover the hinges as well. 

Step 4: Repair the frame

If there are any chips, gouges, or scratches in the frame, use some wood putty or spackling to fill and smooth those over. If you don’t do this, the damages will still be visible after painting the door jamb. Use caulk to fill any gaps between the frame and the wall. 

Step 5: Clean the frame

Use a sponge and soap to clean the frame. This will remove any grease, dirt, or stains. This will help the paint stick and remove any stains that might show through the new layer of paint. Use a non-sudsy detergent like Spic & Span for the best results. 

Step 6: Dry the frame

Pat the frame dry with a towel. Microfiber towels work best. After going over the frame with a towel, use your fingers to test the frame to make sure it is completely dry before moving on to the next step. 

Step 7: Sand the frame

Using 100 grit sandpaper, sand the area you intent to paint. The purpose of this isn’t to remove any of the paint but to rough it up enough that the new coat of paint will be able to adhere properly. 

Step 8: Wipe the frame

Using a damp cloth, wipe the frame to remove any residue leftover from sanding the frame. This will help ensure that the paint adheres to the frame. 

Step 9: Use a brush

A brush will help you paint with more precision. Choose a brush that is no wider than the frame. A brush with an angled tip will make it easier to get into the tight spaces on the frame 

Step 10: Start in the corners

Start in the corners working inside out. Use long sweeping strokes down the jamb until you reach the bottom. Keep the paint on the tip of the brush to avoid globbing. Using up and down strokes will help use less paint and be more efficient. 

Step 11: Paint the frame 

After completing the jamb that is covered with the door is closed, move to the outside frame. In the same up and down sweeping motion, go from the top to the bottom of the frame. Use overlapping strokes to avoid any visible seams. 

Step 12: Paint the top frame 

This time, use long strokes from left to right to paint the top of the frame. If you can’t reach that high, make sure you use a stepping stool. 

Step 13: Finishing touches

Let the paint dry. After it has dried, look over the frame for any areas that might need to be touched up and go over them with the brush. If it needs it, go over the whole frame with another layer of paint. 

Step 14: Hang the door

If you removed the door from the hinges, hang the door back on the hinges. Use a hammer to drive the pins down and secure the door. After that, you’re all done. This will help keep your rental unit looking brand new.  

Renting your property can be a full time job. From getting your home rent-ready, to finding the right tenant, and then of course, collecting rent, maintenance and so on, it can become overwhelming. For many of us, doing the job ourselves just isn’t a realistic solution. That is where landlords turn to trusted property management companies, like us here at Ziprent.

1. Understand the market and can set the right rates
2. List and market your property
3. Find the right tenants & execute all contracts
4. Collect rent and manage the relationship with your tenants
5. Manage repairs, vendor selection and coordination

Before you try and attempt the process yourself, here is just a short list of things a landlord has to do:

• Be aware of all real estate laws in regards to landlord-tenant relationships
• Prepare the property for rent
• List & market the property
• Vet tenants and select the right tenant
• Draft up contracts and make sure they follow the law
• Execute the contract and make sure home is ready for move-in
• Collect rent payments
• Maintain the property
• Do it all over again

And this is just a fraction of what a landlord has to do when renting out their own home.

Feeling overwhelmed already? We get it! Below we’ve outlined the top reasons why hiring a property manager is the most effective way for you to make money renting out your home.

Understand the market and can set the right rates

Setting the right price for your home may seem simple, but there are a lot of factors that go into pricing a rental. A rental manager understands all the factors involved and can make sure you are getting the best price for your home. We know how to maximize your returns by properly managing the process. Every property we take on receives a market analysis in order to determine the best rental price for your unit. We strive to optimize for the highest amount of rental monetization within the shortest amount of time.

List and market your property

Marketing a property is tricky these days. There are so many listing sites, not to mention the competition. Ziprent knows how to create an attractive listing and marketing plan so that you are targeting the right kind of tenants for your home, as well as getting the right price for it. We’ve partnered with over 20 listing sites, such as Zillow, Trulia, Co-Star Network, and Craigslist. We have set out to ensure all our properties receive the proper exposure to potential qualified tenants.

We also have curated a network of photographers to use for your property. The end result is that your property will look absolutely stunning. Having high-quality, extensive photos of your property decreases the time it takes to find the perfect tenant. Read more about how professional photography is a must.

Find the right tenants & execute all contracts

In highly competitive areas, like the Bay Area, a listing can get hundreds of applicants in a short amount of time. Do you have time to review every application? Chances are the answer is no. Then, after the right tenant is selected, there is the whole business of contracts. Without understanding lease agreements, the law, etc. executing these pieces of the process correctly can be difficult. Leave it to us to find the perfect tenants and execute the contracts so that you and your home are protected.

Collect rent and manage the relationship with your tenants

Nothing gives you more of a headache than trying to chase someone for rent. Thankfully, when you hire professionals like us, you don’t have to. We do same day rent processing which often gets the money to our landlords even faster than if they were getting the money directly. No other property management company offers this. We believe there should be no delay in receiving your rental income.

Manage repairs, vendor selection and coordination

Things happen. The refrigerator goes out, the hot water heater stops working, and as a landlord, you have to be there to assist the tenant in maintaining a habitable environment. We will ease your mind and make the maintenance part of your lease stress-free. Leave it to us to handle all repairs and vendor coordination. This helps you, the owner, keep up the house without having to be overly involved.

Making your life easier

At the end of the day, a professional property management company simply makes your life easier. For only $95 buck a month we handle all the details surrounding the rental process. We make sure you are getting the right price for your home and that it is always properly and professionally maintained. In our crazy lives, we all could use this peace of mind.

Do you have more questions about what we do or how we can help you rent your home? Contact us today!