How Property Managers Make Money While Helping Landlords Thrive

Have you ever wondered how property managers make their money and whether their services are worth it? The truth is, professional property managers, like Atlis Property Management, do much more than collect fees. They help landlords Thrive achieve consistent income, protect their investments, and even grow their portfolios. Here’s a transparent look at how property managers earn their keep and why their services are invaluable for landlords Thrive.

What Do Property Managers Charge?

Property managers typically earn their income through the following fees:

1. Management Fee:
   
   • This is usually 5-10% of the monthly rent collected. For example, if your property rents for $2,000 a month, the management fee might be $100-$200.
2. Leasing Fee:
   
   • A one-time fee for finding and placing a tenant, typically equivalent to 50-100% of one month’s rent. This covers advertising, showings, and tenant screening.
3. Maintenance Coordination Fee:
   
   • Some managers charge a small fee (often 10-15% of the repair cost) for managing maintenance projects.
4. Lease Renewal Fee:
   
   • A nominal charge, usually $100-$300, for renewing a tenant’s lease and updating the agreement.
5. Additional Services:
   
   • Fees for services like eviction processing, handling legal disputes, or managing extensive renovations may apply.

What Landlords Get for Their Money

Property managers earn their fees by delivering services that go far beyond what most landlords can handle on their own. Here’s what you’re paying for:

1. Expert Marketing and Faster Leasing:
   
   • Property managers create professional listings, advertise on multiple platforms, and fill vacancies quickly. On average, managed properties spend 50% less time on the market than self-managed ones.
2. Thorough Tenant Screening:
   
   • Managers vet tenants with background checks, credit reports, and rental history verification, reducing the risk of non-payment or eviction.
3. 24/7 Maintenance Coordination:
   
   • From emergency repairs to routine upkeep, property managers handle it all. With access to vetted vendors, they often secure discounts landlords can’t get on their own.
4. Legal Compliance:
   
   • Staying updated on landlord-tenant laws is critical. Managers draft compliant leases and handle evictions correctly, saving landlords from costly mistakes.
5. Rent Collection and Reporting:
   
   • Automated systems ensure on-time payments, while detailed financial reports keep landlords informed about their property’s performance.

How Property Managers Help Landlords Profit More

While property managers charge fees, their services often result in higher overall profits for landlords. Here’s how:

1. Higher Rents:
   
   • With market expertise, managers set competitive rents that maximize income without overpricing.
2. Reduced Vacancies:
   
   • Faster tenant placement and higher retention rates mean less time your property sits empty.
3. Lower Maintenance Costs:
   
   • Preventive care and vendor discounts keep expenses under control.
4. Improved Tenant Retention:
   
   • Happy tenants renew leases, saving landlords thousands in turnover costs.
5. Time Savings:
   
   • By handling daily operations, managers free landlords to focus on other investments or personal goals.

Case Study: Maximizing Value with Atlis Property Management

A landlord in Boca Raton owned a duplex but struggled with frequent vacancies and maintenance issues. After hiring Atlis Property Management:

• Faster Leasing: Professional marketing filled both units in under two weeks.
• Cost Savings: Vendor discounts saved the landlord $2,000 on a major repair.
• Increased Income: Strategic rent adjustments raised annual income by $6,000.

The total fees paid to Atlis amounted to $4,800 annually, but the landlord’s net profit increased by $8,000—a clear return on investment.

Breaking Down the Value: What You Gain

1. Peace of Mind:
   
   • Knowing your property is in expert hands reduces stress.
2. Consistent Cash Flow:
   
   • On-time rent payments and minimal vacancies ensure steady income.
3. Higher ROI:
   
   • From optimized rents to reduced expenses, professional management improves profitability.
4. Portfolio Growth:
   
   • With less time spent managing properties, landlords can focus on acquiring new investments.

Best Practices for Choosing a Property Manager

1. Ask About Fees:
   
   • Ensure you understand the full cost structure, including any additional charges.
2. Review Their Track Record:
   
   • Look for a manager with proven success in reducing vacancies and increasing income.
3. Assess Their Communication:
   
   • A good property manager provides regular updates and is easy to reach.
4. Use Their Tools:
   
   • Take advantage of tenant portals and financial reports to stay informed.

Why Atlis Property Management Is Worth It

Atlis combines transparency with exceptional service to help landlords succeed. Here’s what makes them stand out:

• Clear Pricing: No hidden fees, just straightforward costs for valuable services.
• Tailored Solutions: Custom management plans designed for your property’s unique needs.
• Proven Expertise: A track record of boosting income and reducing stress for landlords.
• Innovative Technology: Tools that simplify management and enhance tenant satisfaction.

Conclusion: Do More, Earn More, Stress Less

Property managers don’t just make money—they make money work harder for landlords. By investing in professional management, you gain a partner who protects your assets, grows your income, and helps you achieve long-term success.

Ready to take your rental property to the next level? Contact Atlis Property Management today and discover how they can transform your investing journey.