There are many differences in each contract. Some may charge less for a fee, but can add on fees for everything else. We charge a $500 retainer and set up charge and then 8-10%. We do charge for extra services like HOA meetings, court appearances, extra statements needed for taxes that are in addition to the ones provided. Our service, like most others, includes marketing the property, screening tenants, taking calls for maintanence and repairs. Then, we receive the monthly rents and distribute the money to any fees, repairs and send you the difference. Every month you would then get a statement and the rest of the monies in to your account.
I cant tell you how many agents tell me about there clients who live in rentals that have unresponsive property managers. So service to the tenant is important as well.
There are many factors involved with investment properties that would take to long to explain here. Biggest one is cost VS rents or return on investment. We will only have the owner pay for the HOA and home warranty to cover big costs. I also recommend that the owner pay for trash and sewer. This is due to if the tenant does not pay, you may not know about it and they can lien the property. This can add up fast. We also recommend that you incorporate the property for tax and liability purposes. I am not a lawyer or a tax professional so do homework on this as well. We do work with several and can put you in touch with those people.
All that said, there is still incredible opportunity here in the Las Vegas market for investment properties. Do you research and call around. I would be happy to discuss our services and fees more personally with you
8625 S Eastern Ave
Las Vegas NV 89123