While there are common fees for Property Management services, Tim Arel knows that not all Property Management companies are alike.  Standard property management fees include: Management Fee, Vacancy Fee, Set-up Fee, and a Leasing Fee. Even if these management fees are compared among companies, the scope and quality of the services and experience of the personnel must be considered. The company hired will oversee one of the most sizable assets you have so it’s not recommended to make a decision based on price.  You need to protect your property investment. The company who charges the lowest fees is often not going to provide the most comprehensive service and, when managing property, the quality of service is what’s most important. 

Tim Arel is a property management specialist who knows that a company who quotes the lowest prices to manage property often is undercutting their competition to get business.  This presents a problem because it results in slimmer margins for that organization. This means they’ll have to reduce the quantity and/or quality of service they provide to still make a profit.  A company with pricing on the lowest end of the scale may also be overloading their managers with properties, which makes it difficult to give all properties the time and attention that clients expect and deserve.  Tim Arel cautions clients that a lower management fee may also later lead to back-end charges, which negates the lower upfront costs.  He urges people to remember that all fees are negotiable and services can be customized to the individual properties needs.  Rates should be negotiated with the firm you feel would do the very best job with your property.