Some work off of a percentage rate, others work on a monthly fee. So you will really have to call around and speak with Property Management Companies. The norm can be 5%/ 10% or between $40-60 per month. They also may charger for placing a tenant in which can be a full months rent. They may charge for lease renewals too. All should be negotiable.

Hello Laurie,
You have a lot of options when it comes to renting a home in the Conroe area. Are you wanting someone to get the house leased for you? Or do you prefer someone who takes a portion of all the rental income in order to manage the details of property management?

May I ask why you would want to keep a home in Conroe as a rental if you are an absentee owner? The market is a little soft right now in this area for landlords. This is true particularly if you have a nicer home that would rent for $1,000 or more per month.

Would you like for me to "crunch some numbers" to analyze whether leasing the home is a better option than liquidating it and taking the cash now?

To answer your question about leasing. Of course, I can only give you information about my own policies. Generally, the owner/landlord gets a security deposit equal to the first month's rent (and any other deposits like pet deposits) in order to take the house off the market when a lease is accepted. When the tenant is ready to move in, the agency representing you collects a full month's rent as their fee and half of that is used to pay the agent representing the tenant.

Do not hesitate to contact me if you have further questions.

Kathi Frank (936) 441-1314
Kathi@KathiFrank.com