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What’s the total cost of rental property management fees in the Sunshine State? Florida landlords, the answer is not that simple — but we’re here to break it down for you. Maybe you feel like property management tasks are taking away time from doing what you love. Or, maybe you’re ready to scale your rental property business, but you can’t handle the added work.
Whatever the reason, many landlords begin to wonder about property management fees when these scenarios arise. Florida landlords do have flat-fee options available, but most property managers charge a long list of fees that aren’t easy to predict.
In this guide, we’ll help you eliminate the guesswork. We’ve calculated the average costs, prices by city, and the services that each fee covers.
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Common Costs
| Fee Type | Typical Cost in Florida | What It Covers |
|---|---|---|
| Monthly Management Fees | 8%–12% of the monthly rent | Daily operations, managing tenants, routine maintenance, and rent collection |
| Tenant Placement | 1 month’s rent | Listing marketing, property showings, renter communication, and leasing |
| Annual Inspection | $100–$300 | Yearly safety inspection, unit condition assessment, move-in/move-out inspections, and local inspection requirements |
| Maintenance | 10%–15% markup on repair cost | Hiring contractors and repair coordination/oversight |
| Lease Renewal | $150–$500 | Prepare leasing documents and obtain signatures |
| Eviction Fees | $300–$1,000 plus court costs | Eviction management (paperwork and court attendance) |
| Vacancy Charges | $50–$100 per vacant unit | Monitoring the unit |
To kick off our overview of property management fees, Florida property management companies typically charge similar rates. The real differences in cost become clear when comparing property management costs across different cities.
Most companies begin with an initial one-time sign-up fee, which averages $500 in Florida. Then, landlords pay a monthly management fee of between 8% and 10% of the unit’s rent. Additional charges can rack up depending on the services provided and the company you choose.
To provide a clearer understanding of property management fees, Florida landlords can refer to this breakdown of common management costs. Here’s what to expect:
Monthly Management Fees
The baseline cost of property management is a monthly management fee. It’s typically charged as a percentage of the monthly rent, and it covers the day-in, day-out management tasks. Collecting rent, communicating with tenants, and routine maintenance are a few of the most common services included in the monthly management charge. However, prices do vary by company.
Some property management companies charge a flat rate, but most charge between 8% and 12% of the monthly rent.
Tenant Placement
Property managers fill your vacancies by doing everything from marketing your listing, hosting tours and open houses, screening renters, and drafting the lease agreement. Florida landlords should expect to pay a flat fee for tenant placement. Typically, it costs an entire month’s rent or close to it.
Annual Inspection Costs
Yearly inspections help keep your property operating smoothly by addressing wear and tear before it becomes a bigger problem. Property managers take the following inspections off your plate:
- Annual safety inspection
- Unit condition inspection
- State or city-mandated inspections
- Move-in inspections
- Move-out inspections
Inspection fees in Florida typically range from $100 to $300.
Maintenance
Expect to see a property management markup fee on all repairs they coordinate. After a property manager hires a contractor to address a tenant’s maintenance request, they coordinate the work. Most companies charge between 10% and 15% of the maintenance cost.
Lease Renewal
Happy tenants mean more lease renewals. When you hire a property manager, they’ll file the paperwork, update the rental agreement, and get all parties to sign the new document. This service incurs an additional fee of between $150 and $500.
Eviction Costs
While we all hope it doesn’t come to this, evictions are part of being a landlord. When one happens, property managers handle the process, including submitting paperwork and attending court sessions. Most property managers charge a flat fee plus court costs, which can range from $300 to $1,000.
Vacancy Charges
If a unit’s vacant, someone still needs to take care of it. Property managers ensure the unit’s security, checking that no emergencies occur while it’s unoccupied. To check in on the vacancy, property managers typically charge $50 to $100 per unit.
Costs in Popular Florida Cities
Let’s dive deeper into rental property management charges. Florida landlords can use these average costs to get a better idea of what their overhead might look like.
Tampa
- Monthly management: 8%–12% of the monthly rent
- Tenant placement: 50%–100% of one month’s rent
- Maintenance: 3%–10% of vendor cost
Jacksonville
- Monthly management: 8%–10% of the monthly rent
- Tenant placement: 25%–100% of one month’s rent
- Maintenance: 10%–25% of vendor cost
Miami
- Monthly management: 10%–14% of the monthly rent
- Tenant placement: 50%–100% of one month’s rent
- Maintenance: 3%–10% of vendor cost
Orlando
- Monthly management: 8%–12% of the monthly rent
- Tenant placement: 50%–100% of one month’s rent
- Maintenance: 10%–25% markup of vendor cost
Tallahassee
- Monthly management: 8%–10% of the monthly rent
- Tenant placement: 50%–100% of one month’s rent
- Maintenance: 5%–10% markup of vendor cost
The Final Word
We hope this overview of common Florida property management fees helps you understand what to expect when hiring a property manager. You’ll need to pay start-up costs, monthly management fees, and other expenses related to maintenance, vacancies, leasing, and more.
Interested in the benefits of a property manager, but want a simpler solution? It’s not too late to start using property management software for free. With TurboTenant, you’ll get access to the online tools you need, including automated tenant messaging, rent collection, listing marketing, and more.
Florida Property Management Fees FAQs
How much is a property management fee in Florida?
It depends on where your listing is located, but landlords should expect to pay at least 8%–12% of the unit’s monthly rent towards property management fees in Florida.
What is the hourly rate for a property manager in Florida?
Florida property managers typically do not charge an hourly rate. Instead, they charge a monthly fee plus added charges based on the services required.
