As an owner how do I list a house I want to rent monthly and what does it cost me?

(0) | asked by: Chuck Welch | share | 6 days ago | Report
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answer by Elizabeth McBee    |   Visit My Website   |   Contact Me
General "fee" for monthly rentals is going to be higher than your usual "rental" fee - At least 10% up to 25% - plus keep in mind you will have to pay additional "taxes" on what would be considered a "vacation rental" - Not sure where you are - but in Florida this is a common thing that is done - and the info is "in general" to that location.
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2 days ago  |   Report   |   share
answer by Cassie Watson    |   Visit My Website   |   Contact Me
You really need to ask yourself how much involvement do you want with your property. You could advertise your property, interview prospective tenants, run reports, handle maintenance and payment issues, and collect your own rent, or you can hire a property management firm to just help you find a tenant, just list the property for rent on the local Multiple Listing Service (MLS) or fully manage the property. While there are no standard fees, you can typically expect to pay an initial fee from 1/2 to 1 full month's rent for tenant finders and listing services and then anywhere from 5% to 30% monthly for ongoing services. Keep in mind that there may be other fees because of the type of property you have and/or compensation to another agent if the prospective tenant is their customer. It is best to contact a few reputable property managers in your local area and talk to them about price, services, and how they can best meet your needs and goals. Property management is a specialty area and not all real estate agents work in this area. There are some specific rules regarding holding security deposits, tenant notices, and leases that are important for you to be aware of if you are going to manage your own property also. I am located in the Orlando area and would be happy to refer you to someone in your area if you need help. Have a wonderful day! Cassie Watson
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5 days ago  |   Report   |   share
answer by Christopher Michael    |   Visit My Website   |   Contact Me
If you're property is located in the greater OKC metropolitan area, including all the smaller areas around OKC, I highly recommend Armand Burleigh with RE/MAX Energy Property Management at 405-919-0460. Be sure to let him know that Christopher Michael referred you.
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6 days ago  |   Report   |   share
answer by Jennifer Anthony-Mims    |   Contact Me
I offer Long Term Property Management in Santa Rosa Beach. Would be happy to discuss our services and fees
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answer by Jerry Pascale    |   Contact Me
You would need to contact a Brokerage that offers Property Management Services, ask them for a copy of their leasing contract and either review it or have your Attorney review. The cost may vary from Brokerage to Brokerage but typically the first months rent is charged for setting up the file and paying the leasing agent a commission and then a percentage (like 10% of the monthly rent) each month thereafter.
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