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    HOW MUCH DO PROPERTY MANAGERS CHARGE?

    Brandon Keen • May 23, 2024

    Find out a fair price for the property management scope of work you need!

    A man and a woman are sitting at a table looking at a laptop.

    Are you a short-term rental property owner looking to maximize your revenue without breaking the bank? Or maybe you're a property manager that wants to make sure your rates are competitive. Pricing models for property management companies can vary, but some industry averages suggest that management fees typically range from 10% to 35% of the total monthly rental revenue. The important thing to note when determining fair rates is the property managers' scope of work. If the scope of work is limited to managing your booking channel message, for instance, then 10 - 15% of revenue is a very reasonable price. If the manager is handling customer service, cleaning systems, marketing, dynamic pricing, listings across multiple platforms, and all other aspects of your vacation rental... then you can safely ascertain that 30-35% of revenue is a very fair price. At TN Livin', we understand the importance of transparent and fair pricing for our clients. That's why we offer competitive management fees to ensure you get the best value for your money. Our clients find they generate more revenue, even after our fees are taken out, due to the massive in-flux in reservations we are able to secure through our fully-managed Short-Term Rental Property Management Services. We provide packages that tout differnt pricing models, and Stand-Alone Serivces to ensure we have an option that fits any budget while alleviating the exhorbitent responsilities successful short-term rentals require.


    In addition to management fees, additional services such as hot tub cleaning, propane tank management, and handyman services are usually billed separately at a flat fee quoted a la carte. This allows you to customize your package as specific needs arise. Altough these are billed on top of the percentage of revenue, property manageers can usually coordinate, plan, and manage those additional services if included in your pricing model. Our goal at TN Livin' is to provide an all-encompassing property management service, along with a slew of consulting and stand-alone services that serve any vacation rental owner's needs.


    If you're curious about exploring different pricing models for property management services, look no further than TN Livin' for Property Management and Consulting Services. Our team of experts is ready to assist you in finding the most cost-effective solution that meets your needs and budget. Contact us today to learn more and see how we can help you achieve maximum rental revenue with exceptional service. Contact us to learn more!

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