Yonatan (Yoni) Schmidt is the Regional Vice President of Sales and Marketing at Keyrenter Property Management, which has offices in Tulsa, Oklahoma City, and Arkansas. After working as a financial analyst at a private equity firm, he founded Tulsa Property Lad to offer clients a better way to buy, sell, manage, and invest in real estate. Yoni provides comprehensive Oklahoma real estate services and listings, supported by first-class customer service.
Are you considering hiring a property management company to help with the rental process? Service fees and rental prices are some of the most common concerns among property owners, and many are hesitant to seek assistance as a result. So how are property management services typically priced, and where can you find an affordable company?
When it comes to services, many property management businesses utilize a tiered fee structure based on the number of rental properties owned. For instance, Keyrenter Property Management requires 10% of gross rent on one or two rentals, 8% on three to 11 rentals, and 7% on more than 11. Rental pricing depends on local market conditions, so Keyrenter assesses rent compensation within a two-mile radius and a 12-month period to establish a median price.
In today's episode of The Same Day Podcast, Yonatan (Yoni) Schmidt, Regional VP of Sales and Marketing at Keyrenter Property Management, is back to chat with Mat Zalk about Keyrenter's rental pricing and service fees. Yoni explains how Keyrenter prices its services, property owners' responsibilities during the management process, and how to determine the median price of rentals.
