Full-service property management in the greater Seattle and Puget Sound region costs 6 to 10% of gross monthly rental income. The exact rate depends on property type, number of units, and service level. At Sagareus, the monthly management fee covers rent collection, maintenance coordination, tenant communication, inspections, lease enforcement, and monthly financial reporting. Tenant placement is a separate $2,000 flat fee per new tenancy. All fees are documented in the management agreement before signing. No hidden costs.

If you are unclear on what a property manager does, typically property management includes rental advertising, collecting rent and security deposit, bookkeeping, coordinating vendors, and resident relations.  

How Much Does Property Management Cost?

Typical Property Management Fee

Expect to pay between 6 to 10% of gross rent for full service property management services.  

Providing an exact figure is difficult for 2 reasons: 

1) Property management firms are structured differently, and 

2) The price will vary depending on what services you require, the type of property you own, and where your property is located.

Property Management Firm Pricing Structures

• Percentage of Monthly Rent: This is the most common fee structure.  The going rate in the Puget Sound region ranges between 6 to 10% of gross income for full service property management services. The benefit of this structure is you do not pay if your property is vacant. Additionally, the percentage property management fee structure aligns your interest with the manager's interest; The more money the manager earns for you, the more money the manager earns for his/her self as well.
• Flat-fee: Other property management companies will charge a simple monthly management fee.  One benefit is the expense line is stable resulting in a stable property budget throughout the year.

In general, the lower the monthly management fee is, the higher the additional management fees will be.

For answers to more questions, please visit Sagareus Property Management Services featuring Property Owner FAQs. 

Other Property Management Fees

When reviewing and comparing property management proposals, watch the fine print around other fees. None of these are negative on their own, but be sure you understand the actual monthly and annual amount you are paying for the service.  

Common Fees include:

• Lease Up Fee

• Renewal Fee

A renewal fee is the amount a property manager charges a client to update market rent, post notice of rent increase, negotiate + sign a renewed lease.  This fee is typically much lower than the full lease up. 

• Marketing Fee

• Eviction Fee

An eviction fee is the amount a property manager would charge the owner IN ADDITION to the cost of the eviction itself. 

• Late Payment Fee

A late payment fee is the property manager's share of the late fee collected from residents with past due rent. Some property management firms require a share of these fees, while others do not collect any.

Sagareus Property Management Fees

Sagareus offers a straightforward fee structure with no hidden costs. All fees are documented in the management agreement before signing.

• Monthly Management Fee: 6 to 10% of gross monthly rental income
• Tenant Placement Fee: $2,000 flat fee per new tenancy (covers photography, listing syndication, showings, screening, and lease execution)
• Lease Renewal Fee: 10 to 25% of one month's rent
• Annual Inspection Fee: 5 to 15% of one month's rent

Sagareus Management Fee Discounts (1% off monthly management fee):

• The Scale Advantage: Clients with 10+ units under management
• The Valor Rate: Military veterans
• The Frontline Rate: Firefighters, police officers, and EMTs
• The Community Pillar Rate: Teachers and nurses

Related Sagareus Services:

• Accounting & Reporting