Property Management Fees Nevada

What should you expect to pay for property management fees? Nevada landlords, the answer isn’t so straightforward — but this article will help shine a light on how much property managers charge.

After conducting a deep dive on Nevada’s property management companies, we’ve created this helpful TurboTenant guide. It walks you through property management fee structures, common costs, and the tasks that each item covers.

Let’s start with an overview of the property management fees Nevada companies typically charge, and then we’ll get into more detail. Here’s everything you need to know:

Common Costs 

When you compare pricing from company to company, you’ll notice that costs don’t vary that much. The largest disparities typically come when analyzing company fee structures in one city compared to another. For example, expect to see pricing differences between Las Vegas, Sparks, and Henderson.

Before we take a deeper look at the property management fees Nevada companies typically charge, here’s a breakdown of costs:

• First, landlords pay an initial setup fee.
• From then on, a monthly management fee applies.
• Property managers add additional charges on top of the monthly management fee to cover any work that the base rate doesn’t cover.

Now let’s get into the details. Here’s an estimation of rental property management fees you can expect to pay in Nevada

Monthly Management Fees

Average Cost in Nevada: 8%–10% of monthly rent

Most property managers charge the management fee as a percentage of 1 month’s rent. By basing it on the rent, the fee factors in property details like square footage, location, and property type. However, there are property management companies that charge a flat fee instead. Flat fees help you budget since you’ll know what to expect each month.

Monthly fees cover daily operations and baseline management tasks, such as:

• Rent collection (including late rent notices)
• Leasing management
• Tenant communication
• Administrative duties

Tenant Placement

Average Cost in Nevada: 50%–100% of 1 month’s rent

When your unit is vacant, property management companies charge a fee for tenant placement. From marketing the listing to getting your lease signed, they’ll take care of the entire process. Tenant placement fees typically include:

• Advertising your listing
• Showing the rental
• Distributing and collecting rental applications
• Communicating with applicants
• Tenant screening
• Preparing the lease agreement

Some companies charge a flat fee, but most base placement costs on a percentage of 1 month’s rent.

Annual Inspection Costs

Average Cost in Nevada: $50–$150 per inspection

Property managers coordinate and oversee all property inspections, so you don’t have to. These inspections include the basic yearly inspections and any additional ones required by your local area. Inspection costs pay for the following:

• Annual health and safety inspection
• Yearly unit condition inspection
• Move-in and move-out inspections

Maintenance

Average Cost in Nevada: 5%–15%

After a tenant submits a maintenance request, property managers take action. In most cases, they charge a markup fee on the vendor’s invoice to cover the work they do to arrange and manage the maintenance issue.

When a unit requires maintenance, rental property managers:

• Contact the tenant to address their repair request
• Delegate an in-house maintenance tech to repair the issue or source and hire a contractor
• Coordinate and oversee the repair

Lease Renewal

Average Cost in Nevada: $100–$400 per lease

If your tenant decides to re-sign their lease, property managers take care of the renewal. Most companies charge a flat fee, but some opt for a percentage of 1 month’s rent. This fee pays for:

• All tenant communication
• Updating the lease agreement
• All related paperwork

Eviction Costs

Average Cost in Nevada: $200–$500+ (plus court costs)

When an eviction is necessary, property managers do the heavy lifting for you. It’s common for companies to charge a flat fee for evictions, plus all court costs. Eviction fees compensate the property manager for:

• Attending court
• Filing all paperwork
• Overseeing the eviction process

Vacancy Charges

Average Cost in Nevada: $50–$100 per unit, per month

When your property sits vacant, property managers still have to take care of it. Vacancy charges go towards the extra work property managers put in to keep the property in good condition, including:

• Periodic visits to the property
• Performing routine or emergency maintenance
• Scheduling a cleaning service

Costs in Popular Nevada Cities 

Here are the average property management fees Nevada landlords can expect to see in top cities:

Las Vegas

• Monthly management: 8%–12% of the monthly rent
• Tenant placement: 25%–100% of 1 month’s rent
• Lease renewal: $200–$500 or 10% of 1 month’s rent
• Maintenance: 10%–15% of vendor cost

Henderson

• Monthly management: 8%–10% of the monthly rent
• Tenant placement: 50%–100% of 1 month’s rent
• Lease renewal: 25%–75% of 1 month’s rent
• Maintenance: 10% of vendor cost

Reno

• Monthly management: 9% of the monthly rent
• Tenant placement: 50%–100% of 1 month’s rent
• Lease renewal: $200 per lease
• Maintenance: 10%–20% of vendor cost

Carson City

• Monthly management: 8%–9% of the monthly rent
• Tenant placement: 50%–100% of 1 month’s rent or a $500–$1,500 flat fee
• Lease renewal: $200–$300
• Maintenance: 10%–15% of vendor cost

The Final Word

As you can see, working with a property management company comes with a range of costs. First, there’s a monthly fee based on the rent amount. Then, rental property managers add extra charges to your monthly bill for additional services. Since these extra costs are mostly circumstantial, it’s not easy to anticipate your monthly bill

However, there are alternatives to hiring a traditional property management company. One solution is to self-manage with the help of small landlord software like TurboTenant. You’ll get access to a full suite of digital tools designed to streamline property management. It’s user-friendly, efficient, and free — so you don’t have to worry about unexpected expenses. Ready to get started?

Sign up now!

Nevada Property Management Fees FAQs