Property Management Fees Nebraska

What is the overall cost of property management fees Nebraska landlords should expect to pay? The answer isn’t cut-and-dry. Here’s why:

Let’s say you have a vacant unit, maintenance requests, and a lease renewal all in the same month. If the company charges these services in addition to general management, your bill that month would be significantly higher than usual. The bottom line is that this billing structure leaves little room for effective budgeting.

We’ll explain how property management fees in Nebraska work and how much they typically cost. We’ll also share other property management solutions for landlords in the Cornhusker State, including TurboTenant’s free online landlord software. Let’s dive in.

Common Costs

We researched the local market to identify common property management fees in Nebraska and average price points. Here’s what we observed:

Pricing structures: Some property management companies charge an all-inclusive flat rate, but this budget-friendly offering isn’t the norm in Nebraska. Most companies use a monthly rate with additional charges.

Minimal price differences between companies: We observed similar charges across companies at comparable prices.

Location impacts costs: Average prices vary from city to city. Larger metropolitan areas with larger populations tend to have higher price points than smaller, less populated regions.

Here’s a detailed breakdown of what to expect:

Monthly Management Fees

Average cost in Nebraska: 8% to 12% of 1 month’s rent

Monthly management covers day-to-day operations, including rent collection, leasing management, paperwork, and administrative tasks. Rental property managers also serve as a liaison between landlords and tenants, handling all communications.

If the company doesn’t charge a flat rate, it usually bases the monthly management cost on the unit’s rent.

Tenant Placement

Average cost in Nebraska: 50% to 100% of 1 month’s rent

When your listing is vacant, it’s up to the manager to find, screen, and secure a qualified tenant. The tenant placement process includes:

• Marketing the listing.
• Showing the rental property.
• Reviewing applications.
• Preparing the lease agreement.

While some companies charge a flat rate, most use a percentage of the rent.

Annual Inspection Costs

Average cost in Nebraska: $50 to $150 per inspection

Managers take the lead on routine inspections, including the yearly safety and unit condition inspections. They’ll also walk through the unit when tenants move in or out. When landlords need additional inspections (such as sewer and water or foundation inspections), property managers coordinate the process.

Maintenance

Average cost in Nebraska: 5% to 15% markup on invoice

When you hire a management company, you’ll have someone to handle those late-night maintenance emergencies for you. They’ll

• Respond to tenants.
• Inquire about the issue.
• Hire a handyman to make the repair.

To compensate the manager for their time, companies typically charge a markup on the vendor’s invoice.

Lease Renewal

Average cost in Nebraska: $200 to $500

When a lease comes up for renewal, managers reach out to tenants to see if they’d like to stay in their unit. If tenants want to renew their lease agreement, managers handle all the related paperwork and prepare the new lease.

Throughout the process, they’ll be the middleman between landlords and tenants. They mediate all communication and discuss any negotiations. After both parties settle the details, rental managers have them sign the new documents.

Eviction Costs

Average cost in Nebraska: $500 plus legal costs

If you need to evict a tenant, property management companies will take care of all of the paperwork and attend court on your behalf.

Expect to see a wide range in eviction pricing. The cost depends on the amount of work the specific case requires from the manager. For example, a drawn-out legal process would typically cost more than a swift case that closes quickly. Landlords should expect to pay a flat rate plus court costs.

Vacancy Charges

Average cost in Nebraska: $50 per month

If your unit is vacant, managers will check in on the property to keep it clean and secure while they work to find you a new tenant. They’ll visit the unit, respond to emergencies (like leaks or security issues), and coordinate cleaning to keep the space ready for showings. Most companies charge a flat rate for this service.

Costs in Popular Nebraska Cities 

Let’s take a look at how the average prices vary among cities. Here are a few examples to help you better understand property management fees in Nebraska.

Omaha

• Monthly management: 8%–12% of the monthly rent
• Tenant placement: 50%–100% of 1 month’s rent
• Maintenance: 10%–25% markup on invoice

Lincoln

• Monthly management: 8%–12% of the monthly rent
• Tenant placement: 50%–100% of 1 month’s rent
• Maintenance: 10% markup on invoice

Grand Island

• Monthly management: 10%–12% of the monthly rent
• Tenant placement: 50%–100% of 1 month’s rent
• Maintenance: 10%–20% markup on invoice

Kearney

• Monthly management: 8%–12% of the monthly rent
• Tenant placement: 50%–100% of 1 month’s rent
• Maintenance: 10% markup on invoice

The Final Word

There are many upsides to hiring a property manager. But property management fees in Nebraska can vary from month to month. You’ll pay a monthly charge based on rent, plus additional expenses. While this is the standard for most companies in Nebraska, landlords do have other options.

Consider finding a company that charges an all-inclusive flat rate, allowing you to budget effectively. Or, forgo the charges altogether by self-managing with TurboTenant. It makes landlording fast, easy, and efficient. Sign up today to start streamlining your business with our online software.

Nebraska Property Management Fees FAQs