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How Much does a property management company charge?

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  • How Much does a property management company charge?

    A Property Management company will find you a suitable tenant for your property then will take care of all paperwork, safety installations and certificates and will manage your property and the tenancy on your behalf. Charges for this service varies between agents; in Edinburgh charges range from 9%+VAT ? 15%+VAT (of the monthly rent) depending on the agent. Agents will normally charge a marketing fee of between ?100+VAT and ?350+VAT and many will outsource inventories for a further charge. Some agents will dazzle you with low fees but there will be a list of ?hidden fees? for things like lease renewals so beware of these! Likewise make sure that the agents prices for safety certificates and installations are fair; some agents will squeeze these charges up so you?re paying over the odds; no one wants that!

    At Umega Lettings we like to keep things simple. Our monthly management fee is 10%+VAT (we can reduce this slightly for portfolio landlords), a ?250+VAT marketing fee and a ?95+VAT charge for an inventory.

    We believe this represents great value; just have a look on Google or on Allagents to see what our customers say about our fees and our service. 94% of our customers are happy with our fees and 98% of our customers would recommend us. This makes us very happy ��
    Lettings Agents Edinburgh - Property Management Services