The Benefits of Property Management

The Key to leasing your home in the shortest amount of time is to hire the right company and offer good incentives to prospective agents and tenants alike. Just as increased commissions motivate agents on sales of homes, the same effect can be felt in the rental market. The average home lease will pay an agent from $200.00-$250.00. If you were to increase the agent incentive to $500.00+, the chances your home will lease faster will increase. For example, if your mortgage is $2000.00 a month and you spend $1000.00 leasing it in the first month, you would see significant savings instead of having it sit empty for 3-4 months. Obviously the upfront costs are higher, however you may save 6-7 thousand if you do it right in the beginning.