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As a landlord, what should you expect to pay each month for property management fees in North Carolina? In this article, we’ll analyze common services and the average price property owners can expect to pay for them in the Tar Heel State.
Most companies have a range of charges for different services, including:
- General management
- Tenant placement
- Annual inspections
- Maintenance coordination
- Lease renewals
- Evictions
However, budget-friendly options exist. Some property management companies offer a flat rate, so prices remain consistent from one month to the next. If you’d rather skip the monthly fees altogether, online landlord software (like TurboTenant) automates many of the tasks you’d pay a manager to complete — for free.
Before we analyze each type of charge in detail, let’s begin with an overview of common property management fees in North Carolina, their average costs, and the services each one covers.
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Common Costs
| Fee Type | Typical Cost in North Carolina | What It Covers |
|---|---|---|
| Monthly Management Fees | 5%–12% of 1 month’s rent | Daily operations (such as collecting rent, speaking with tenants, and paperwork) |
| Tenant Placement | 50%–100% of 1 month’s rent | Advertising the listing, finding renters, communicating with applicants, showing the rental, and preparing the lease |
| Annual Inspection | $50–$150 per inspection | Conducting the annual unit and safety inspection, move-in/move-out inspections, and locally required inspections |
| Maintenance | 10%–25% of the repair cost | Hiring a contractor, scheduling the work, and monitoring the repair |
| Lease Renewal | $150 per lease | Updating documents, preparing the new lease, and obtaining the landlord’s and tenant’s signatures |
| Eviction Fees | $200–$500+ plus legal costs | Attending court, managing the eviction, and submitting all legal paperwork |
| Vacancy Charges | $50–$150 per unit, per month | Visiting the property, coordinating cleaning and maintenance, and monitoring the vacant unit |
When comparing pricing across rental management companies, we didn’t see much variation. However, we did find noticeable differences in pricing by location.
When you first hire a rental manager, most companies have an initial setup cost for the account. After that, they charge a monthly management fee, plus additional amounts based on the work they completed that month.
Let’s take a closer look at the property management fees North Carolina landlords should expect to pay:
Monthly Management Fees
The rate for general management covers daily tasks, including:
- Communicating with tenants.
- Collecting rent.
- Managing leases.
- Overseeing move-in and move-out.
Most managers set their price as a percentage of the rental unit’s monthly rent. In North Carolina, the typical cost of monthly management is 5% to 12% of 1 month’s rent.
Tenant Placement
Rental managers charge landlords when they have to fill a vacancy. Tenant placement includes all tasks related to finding, screening, and securing the new tenant, such as:
- Advertising the listing.
- Showing the unit.
- Communicating with applicants.
- Preparing the lease agreement.
Some companies charge a flat rate, but most charge 50% to 100% of 1 month’s rent in North Carolina.
Annual Inspection Costs
When it comes time for yearly inspections, managers take care of the task — but not without charging for each inspection. You could get bills for:
- Annual safety/unit condition inspections.
- Move-in and move-out inspections.
- Additional inspections, as required by your local area.
On average, rental managers in North Carolina charge between $50 and $150 per inspection.
Maintenance
If a tenant requests maintenance, rental managers are responsible for:
- Communicating and coordinating with tenants.
- Hiring a contractor to complete the work.
- Scheduling and overseeing the repair.
Instead of charging a flat rate or a percentage of rent, most companies add a markup charge on the vendor’s invoice. To compensate the manager for their time, the average maintenance markup amount is 10% to 25% of the total repair cost.
Lease Renewal
If your existing tenant decides to rent your unit for another year, the manager initiates the lease renewal process by:
- Creating their new rental agreement.
- Completing all required paperwork.
- Obtaining both the landlord’s and tenant’s signatures.
In North Carolina, most companies charge a flat rate of about $150 for each lease renewal.
Eviction Costs
When you need to evict a tenant, managers oversee the process by:
- Attending court on your behalf.
- Ensuring the tenant vacates the unit.
- Filing all required paperwork.
The average eviction cost in North Carolina ranges from $200 to $500, plus additional legal costs.
Vacancy Charges
If your unit remains vacant, rental managers still have work to do. To keep the unit in move-in-ready condition, they:
- Visit and check in on the property
- Coordinate cleaning and repairs
- Respond to emergencies, such as floods or security issues
Most companies in North Carolina charge between $50 and $150 per vacant unit per month.
Costs in Popular North Carolina Cities
Now that we’ve provided a big-picture view of property management fees in North Carolina, let’s zoom in on the average costs in six major cities:
Charlotte
- Monthly management: 8%–12% of 1 month’s rent
- Tenant placement: 50%–100% of 1 month’s rent
- Lease renewal: $125–$175 per lease
- Maintenance markup: 10%–15% of the repair cost
Raleigh
- Monthly management: 8%–10% of 1 month’s rent
- Tenant placement: 50%–100% of 1 month’s rent
- Lease renewal: $200–$500 per lease
- Maintenance markup: 10%–25% of the repair cost
Greensboro
- Monthly management: 8%–12% of 1 month’s rent
- Tenant placement: 50%–100% of 1 month’s rent
- Lease renewal: $100–$400 per lease
- Maintenance markup: 10%–20% of the repair cost
Durham
- Monthly management: 8%–12% of 1 month’s rent
- Tenant placement: 70% of 1 month’s rent
- Lease renewal: $150 per lease
- Maintenance markup: 10%–20% of the repair cost
Winston-Salem
- Monthly management: 8%–12% of 1 month’s rent
- Tenant placement: 50%–100% of 1 month’s rent
- Lease renewal: $150–$250 per lease
- Maintenance markup: 10%–25% of the repair cost
Asheville
- Monthly management: 8%–12% of 1 month’s rent
- Tenant placement: 50%–100% of 1 month’s rent
- Lease renewal: $150–$250 per lease
- Maintenance markup: 10%–20% of the repair cost
The Final Word
We hope this deep dive into property management fees in North Carolina was helpful. As discussed, hiring a property management company comes with a wide range of costs. In addition to a monthly management charge based on the unit’s rent, additional charges apply depending on the situation. As a result, your monthly bill may not always be the same amount.
For small landlords, this inconsistent pricing structure can complicate budgeting. As an alternative to hiring a company, consider self-managing with TurboTenant. Our free software includes online forms, helpful templates, and automation tools — helping you simplify rental property management, for free. Sign up for your free account today!
North Carolina Property Management Fees FAQs
How much is a property management fee in North Carolina?
Property management fees (North Carolina) start at 5%–12% of 1 month’s rent, plus additional charges.
Can a property manager charge late fees in North Carolina?
Yes, but they must comply with the state’s legal guidelines (N.C. Gen. Stat. § 42-46).
What does a property manager’s fee often include?
Monthly management usually covers daily operations, including administrative tasks, rent collection, and tenant communication.
How much does a property manager cost per year?
The management fee typically ranges from 5% to 12% of your annual rental income.
