The average cost of property management is between 7% and 10% of the monthly rent, according to Kevin Ortner, chief executive officer of Renters Warehouse — a company that manages around 23,000 properties throughout the U.S.

Property management fees are 8% to 12% of the monthly rent on average, depending on the property size, type, and location. Fixed or flat rate fees start at $100 to $150 per month for a single-family home. Property managers handle leasing, rent collection, maintenance, inspections, and tenant communication.

Property management fees cost around 8% -12% of your monthly rental income. While this expense can significantly affect your bottom line, it frees up your time to focus on other tasks.

In general, property managers typically charge 4% to 12% of the monthly rent, with 10% being common. Some may opt for a flat fee, ranging from $50 to $300 or more per month.