As a potential real estate investor, it is important to know how much you will incur by having an agent manage your property. Property managers in Costa Brava may charge a flat rate or a percentage which may include all or part of the services they provide. Here is what to expect in property management fees Costa Brava as an investor.

Types of property management fees in Costa Brava

There are two ways property agents may charge for managing your Costa Brava house rental or any other property. Some agents will charge a flat rate which caters for all the services they provide. On the other hand, there are property agencies that prefer charging a percentage of rental income as a standard fee.

Through the flat fee method, an agent may charge an annual fee of about $1100 regardless of how much you are making in rental income. The other option is charging 5.5% of weekly rent which will cater for all services the agent provides.

With the percentage method, the agent will still take 5.5% of weekly rental income. However, this fee may exclude other services or miscellaneous charges that are geared towards helping manage or sell your property. In addition, the percentage of property fee will vary according to agents and regions. While the industry rate stands at 7%, property fees may range between 5.5% and 14%.

Services to expect from a property managing agent

Property managers in Costa Brava help in finding new tenants to occupy your property. They will handle tenancy contracts, rent collection, rental bond lodging, and income remittance to your bank on your behalf. Property agents will also carry out repairs on the property and handle tenancy disputes while you are away. Property inspection is also done by agents and an updated report will be sent to you.

There are additional services provided by agents that may not be included in their standard charges. Such services include lease renewal, marketing property online, property photography, lease transfers, annual statements provision, and tenancy database checking. Some agents may also offer to represent you in a court case at a fee.

To know exactly what a property manager charges, strive to find out more about their services before signing an agreement with them. You can get this from their website or by contacting their representatives or customer care via phone.

Final Thoughts

It is important for investors to know that property management fees Costa Brava are an ongoing charge. Therefore, find a property manager who provides more services in their standard service package. Also, ensure you know all the hidden costs that are excluded from the standard property management fee.