Property Management Fees Louisiana

There are many “what ifs” impacting the property management fees Louisiana landlords pay. The cost of rental management depends on your listing’s location, which company you choose, and its pricing structure. Some companies use a flat-rate method, which is ideal for budgeting. Additionally, TurboTenant’s small landlord software can also help keep costs consistent.

For clarity, most companies in Louisiana charge a range of costs based on the work they complete throughout the month. So, the total cost of your monthly bill would depend on factors beyond your control, such as:

• Unexpected maintenance requests.
• Vacant units.
• Renewing an existing tenant’s lease.

To help make sense of all this, here’s an in-depth analysis of the fees you can expect to pay in Louisiana. Use this guide to make the best decision for you, your landlord business, and your budget.

Common Costs

Here’s a quick breakdown of the property management fees Louisiana companies typically charge.

 

When examining property management fees in Louisiana, we found that most companies charge comparable rates for similar services. Price points were generally stable between providers. However, we did observe price variations by location. For example, costs tend to be higher in Baton Rouge compared to Shreveport.

For starters, you can expect to pay an initial setup charge, then a monthly management rate based on the rent. Additional amounts are due for all services outside routine management. However, we did find some property management companies with a budget-friendly flat rate.

Here’s an overview of the most common rental management costs in Louisiana:

Monthly Management Fees

On average, companies in Louisiana charge a percentage of the monthly rent for general management. The average cost is 8% to 12% of 1 month’s rent. There are flat-rate options out there, but they’re less common.

Monthly management covers the work a manager does to keep your tenants happy and rent collection running smoothly. It includes:

• Coordinating move-in/move-out.

• Collecting rent.

• Managing leases.

• Keeping paperwork up to date.

• Speaking with tenants.

• Handling administrative tasks. 

Tenant Placement

When you have a vacancy, property management companies charge 50% to 100% of 1 month’s rent for tenant placement. To find a qualified tenant for your rental property, property managers are responsible for the following:

• Marketing the listing.

• Showing the rental.

• Creating, distributing, and reviewing rental applications.

• Speaking with applicants.

• Screening tenants.

• Drafting lease agreements.

Annual Inspection Costs

Companies in Louisiana usually charge $100 to $150 for each inspection they oversee. To keep your property in good condition, they coordinate all routine inspections, including:

• Annual safety and unit condition inspections.

• Move-in and move-out inspections.

• Locally required inspections (including septic system inspections, drainage inspections, or well water quality inspections).

If the inspection reports reveal any issues, rental managers coordinate preventative maintenance to address the situation.

Maintenance

Managers charge a markup on the vendor’s invoice to compensate them for any maintenance requests they handle. In Louisiana, the average markup amount is 10% to 20% of the repair cost.

Rental managers address maintenance requests by:

• Responding to tenants.

• Finding and hiring a contractor. 

• Scheduling the repair.

• Checking on the work’s quality upon completion. 

Lease Renewal

Companies in Louisiana usually charge a percentage of the monthly rent to renew an existing tenant’s lease agreement. The typical cost is 25% to 75% of 1 month’s rent. It covers the following tasks:

• Updating the rental agreement.

• Speaking with tenants.

• Assisting with negotiations.

• Obtaining signatures from both parties.

Eviction Costs

The cost of evictions depends on the circumstances of the case. For example, a long-term eviction may be more expensive compared to a case that wraps up quickly. Most companies charge between $200 and $500 for evictions. Keep in mind, this doesn’t include court costs.

When an eviction is necessary, landlords are responsible for:

• Overseeing the eviction process. 

• Attending court.

• Submitting the required paperwork.

Vacancy Charges

In Louisiana, vacancy charges can start at $50, but some companies charge up to $200 per month. The services they cover include:

• Visiting the rental property. 

• Scheduling landscaping, cleaning, and maintenance. 

• Responding to emergencies (in case of leaks, storm preparations, or security issues).

Costs in Popular Louisiana Cities 

Here’s what property management fees in Louisiana look like across different areas:

New Orleans

• Monthly management: 8%–12% of the monthly rent
• Tenant placement: 50%–100% of 1 month’s rent
• Lease renewal: $250–$500 per unit
• Maintenance Markup: 10%–20%

Baton Rouge

• Monthly management: 8%–15% of the monthly rent
• Tenant placement: 50%–100% of 1 month’s rent
• Lease renewal: $200–$500 per unit
• Maintenance Markup: 10%–20%

Shreveport

• Monthly management: 8%–12% of the monthly rent
• Tenant placement: 50%–100% of 1 month’s rent
• Lease renewal: $200 per unit
• Maintenance Markup: 10%–25%

Metairie

• Monthly management: 8%–12% of the monthly rent
• Tenant placement: 50%–100% of 1 month’s rent
• Lease renewal: $200–$500 per unit
• Maintenance Markup: 10%

Lafayette

• Monthly management: 8%–12% of the monthly rent
• Tenant placement: 50%–100% of 1 month’s rent
• Lease renewal: $200–$500 per unit
• Maintenance Markup: 10%–15%

The Final Word

If a rate based on the monthly rent plus additional charges doesn’t seem right for your business, don’t worry. Landlords in Louisiana have other options available, including:

Traditional management with a flat rate: Opt for a company that charges landlords an all-inclusive flat rate. Although it’s not the most common pricing structure, some companies offer this budget-friendly option.

Free online property management software: Streamline the way you self-manage your properties with TurboTenant’s all-in-one property management software. It offers online tools and automation to simplify the way you run your business, and it’s completely free for landlords. Sign up today!

Louisiana Property Management Fees FAQ’s