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What are the property management fees Utah landlords pay? To help you answer this question, let’s walk through the typical charges, costs, and structures you’ll encounter.
Most property managers charge a monthly rate based on the rent, plus additional fees as needed. If that seems unwieldy, a newer wave of companies offers a budget-friendly flat fee structure. Finally, online property management software like TurboTenant streamlines self-management for free. All of these options can help you scale your business, save time, and stay organized.
Perhaps you’re currently searching for a property management company, or you’re curious and want to learn more. Let’s dive in to determine how much property managers charge in Utah.
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Common Costs
| Fee Type | Typical Cost in Utah | What It Covers |
|---|---|---|
| Monthly Management Fees | 8%–14% of 1 month’s rent | Daily operations, rent collection, tenant communication, and administrative tasks |
| Tenant Placement | 50%–100% of 1 month’s rent | Finding renters, tenant screening, property showings, applicant communication, listing advertising, and lease prep |
| Annual Inspection | $50–$100 per inspection | Yearly safety and unit condition inspection, preventative maintenance, locally-mandated inspections, and move-in/move-out inspections |
| Maintenance | 10% of the work’s cost | Hiring contractors and coordinating repairs |
| Lease Renewal | 25%–50% of 1 month’s rent | Lease prep, updating documents, and obtaining signatures |
| Eviction Fees | $200–$500+, plus legal costs | Paperwork, court attendance, and overseeing the eviction |
| Vacancy Charges | $50–$100 per month | Monitoring the property and coordinating regular cleaning |
In most cases, there won’t be extreme pricing variations from one company to the next. The biggest differences landlords will notice are the price differences between cities. For example, average costs may vary between Park City and St. George.
Once you select a property manager, the billing process begins with an initial setup fee. Then, you’ll pay a monthly management fee. Property managers tack on additional charges for any extra work they complete throughout the month.
When it comes to property management fees, Utah landlords can expect the following rates:
Monthly Management Fees
Most companies charge a monthly fee to cover day-to-day management tasks. Usually, it amounts to a percentage of 1 month’s rent. Monthly management typically includes:
- Rent collection
- Lease management
- Communicating with tenants
- Administrative tasks
- Providing checklists for move-in/move-out
On average, Utah companies charge 8%–12% of 1 month’s rent. However, some property management companies charge a flat fee to simplify budgeting.
Tenant Placement
Rental property managers are responsible for finding, screening, and securing tenants to fill your vacancies. They’ll also advertise the listing, show the property, and prepare the new lease agreement. Throughout the process, they’ll be in charge of all communications, too.
Additionally, most property managers charge 50%–100% of 1 month’s rent for tenant placement. Some companies charge a flat fee instead, but it’s less common.
Annual Inspection Costs
Inspections help you keep your rental unit well-maintained. Property managers take over the following routine inspections:
- The yearly safety inspection
- The annual unit condition inspection
- Move-in and move-out inspections
Some local areas require additional inspections, such as underground plumbing, foundations, or sewer and water systems. Property managers also handle these city-mandated inspections.
In Utah, property managers typically charge $50–$100 per inspection.
Maintenance
After tenants submit a maintenance request, property managers handle the work order from start to finish. They respond to tenant requests, hire the contractor, coordinate repairs, and oversee the work. Property managers typically charge a markup fee directly on the contractor’s invoice.
Maintenance markup fees in Utah average at about 10% of the work’s total cost.
Lease Renewal
When your current tenant wants to stay in your rental unit, property managers handle the renewal process. They’ll update the rental agreement and all related paperwork. Once they renew the documents, they ask the landlords and tenants to sign them.
Lease renewal fees in Utah are typically 25%–50% of 1 month’s rent.
Eviction Costs
Evictions hardly ever come as good news, but a property manager helps with the added workload. They attend court on your behalf, take care of all the paperwork, and oversee the eviction process.
Eviction fees in Utah range from $250 to over $ 500. In addition to this fee, landlords are responsible for covering all associated legal costs.
Vacancy Charges
When a unit sits vacant, there’s still work to do. Property managers keep the listing in top condition by visiting the property, arranging inspections, and coordinating repairs. These activities keep the property secure and well-maintained between tenants.
In Utah, the typical vacancy fee is $50–$200 per month, per unit.
Costs in Popular Utah Cities
Let’s look at how location impacts property management fees. Utah landlords, here’s a sample of the average rental property management fees throughout The Beehive State.
Salt Lake City
- Monthly management: 8%–15% of the monthly rent
- Tenant placement: 50%–100% of 1 month’s rent
- Maintenance: 10%–25% of vendor cost
- Lease renewal: $200–$500
Provo
- Monthly management: 4%–10% of the monthly rent
- Tenant placement: 50%–100% of 1 month’s rent
- Maintenance: 10%–20% of vendor cost
- Lease renewal: $150–$400
St. George
- Monthly management: 8%–12% of the monthly rent
- Tenant placement: 50%–100% of 1 month’s rent
- Maintenance: 10%–20% of vendor cost
- Lease renewal: $175–$250
The Final Word
The property management fees Utah landlords pay vary between companies and cities. However, understanding how billing works can help provide clarity.
First, there’s the monthly management fee based on the unit’s rent rate. Then, property managers charge an array of extra costs. The additional charges depend on the work the property manager performed during the month. For example, vacancies, lease renewals, and evictions can increase your total bill.
We hope this guide helped you understand how property management fees in Utah work.
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- Marketing your listings
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- Tracking maintenance
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Utah Property Management Fees FAQ
How much is a property management fee in Utah?
The property management fees Utah landlords pay begin with a monthly management fee. On average, it’s 8%–14% of 1 month’s rent. The property manager adds additional costs to the baseline management fee depending on the work completed that month. These include vacancy charges, eviction fees, maintenance fees, and tenant placement fees.
Can a property manager charge late fees in Utah?
Property managers can charge tenants a late fee if there’s a lease clause clearly stating the terms. Utah law caps late fees at the greater of $75 or 10% of the monthly rent (Utah Code § 57-22-4).
