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Tenant Retention 101: Essential Tips for Property Managers

BetterWho

The cost of finding a new tenant, additional maintenance, marketing the property, etc., According to the NARPM financial performance guide , the best property management companies had a churn rate of 9.6% in 2022, which is much better than the average of 19.5%. means that keeping your tenants happy is very important.

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Property Management Profitability: FAQs on Profit Margin

Second Nature

Average Property Management Fees Different property management companies structure their fees in different ways, so its important to familiarize yourself with the different options and determine what works best for you. First, some property management companies will charge an initial setup fee.