Key Takeaways
Property Management Is an Investment, Not Just a Cost: While hiring a property manager involves fees, the long-term financial benefits—like fewer vacancies, better tenants, and reduced legal risks—often outweigh the costs, making it a smart choice for many landlords.
Know What You're Paying For: Property management fees typically include services like rent collection, maintenance coordination, inspections, and tenant placement. Understanding each fee—monthly, leasing, renewal, maintenance, and eviction-related—helps you avoid surprises and ensures you get good value.
KRS Holdings Stands Out Through Transparency and Quality: With competitive pricing, a strong track record in tenant placement, in-house maintenance, and a landlord-focused approach, KRS Holdings offers full-service property management that’s both efficient and trustworthy.
Thinking about hiring a property management company but worried it might eat into your profits? You’re not alone. It’s one of the main concerns landlords and property owners have when deciding whether to bring in a professional.
The good news is that property management is often more affordable than expected and can actually increase your bottom line over time. This guide lays out what you can expect to pay, what those costs cover, and why hiring a company like KRS Holdings might be one of the smartest moves you make.
Why Property Management Is Worth It
Owning a rental property sounds great until you’re the one unclogging toilets at midnight, mediating tenant disputes, or scrambling to understand the latest landlord-tenant laws.
That’s where a professional property manager becomes a real game-changer. Whether you’re juggling a full-time job, multiple properties, or just prefer not to micromanage, handing things off to experts can save you time, reduce stress, and help you avoid costly mistakes.
While there’s a cost to it, the right property management company pays for itself through better tenants, fewer vacancies, and stronger returns.
Breaking Down the Real Costs of Property Management
Property management companies may have different pricing models, but the key is understanding what you’re actually getting for your money. Let’s look at the typical fees and what they include.
1. One-Time Setup Fee
This covers the admin work at the start: paperwork, account setup, and that first in-depth property inspection. Some companies skip it as a goodwill gesture, and others keep it low and transparent with no hidden surprises.
2. Monthly Management Fee
This is the regular fee that covers:
Rent collection and direct deposit
Maintenance coordination
Monthly reports and year-end tax documents
Lease enforcement and tenant communication
Utility management and inspections
In Arizona-style markets with moderate rent levels, fees may sit on the higher end of the standard range to sustain service quality.
KRS Holdings offers a competitive rate that includes 24/7 service, real-time updates, and a landlord portal that keeps you in control without needing to micromanage.
3. Tenant Placement or Leasing Fee
This one’s triggered when your property goes vacant. It covers:
Property walkthrough and recommendations
Listings on all the major platforms
Professional photos and virtual tours
Hosting open houses and private showings
Tenant screening (credit, income, background, rental history)
Lease drafting and move-in support
Pro tip: Never pay this upfront. Only pay once a qualified tenant signs. Companies like KRS Holdings follow this policy and have a strong track record of placing tenants within 30 days using smart marketing and fast screening.
4. Lease Renewal Fee
This covers updates to the lease, rent adjustments, and legal compliance. It’s not just paperwork this is what ensures you’re not caught off guard by changing laws or market shifts.
5. Maintenance Oversight Fees
Some managers markup repair bills for coordinating work. Always ask:
Is there a reserve fund?
Do I approve repairs over a certain amount?
Are your vendors licensed and insured?
KRS Holdings uses an in-house maintenance team and trusted vendors, so you get quality work at competitive pricing with no surprise markups.
6. Annual Property Inspections
These catch minor issues before they become costly disasters. A good property management team will provide photos, a report, and recommendations. It’s a small fee for big peace of mind.
7. Eviction Support
Even with top-tier tenant screening, things can go south. Some companies offer eviction protection plans that cover court fees and legal costs. KRS Holdings offers packages that make sure you’re not left footing the full bill.
Bonus Tips for Landlords
Negotiate for Multi-Unit Discounts: If you own several properties, ask for bundled pricing. Many firms will reduce their rate.
Scrutinize the Management Agreement: Read the fine print. Know what’s included and what’s extra.
Ask About Tech: A solid owner portal makes life way easier. Look for companies with modern systems.
Why KRS Holdings is a Smart Choice
KRS Holdings isn’t just another property management company. With deep expertise in the Tidewater region and a landlord-first mindset, they focus on:
Transparent pricing with no hidden fluff
Fast tenant placement backed by data
A reliable maintenance team that doesn’t cut corners
Real-time communication through an online platform
Clear financial reporting to simplify tax season
Legal compliance and proactive lease management
We manage your rental like it’s our own, so you don’t have to worry about late-night calls or messy tenant issues. Whether you’re local or out-of-state, our hands-on approach keeps your property profitable and stress-free.
Bottom Line
Property management does cost money, but it’s a small price to pay for time, protection, and profit. You get back your weekends, reduce your legal exposure, and often earn more through smart pricing and quicker tenant turnover.
If you’re serious about making your rental property work for you without becoming your second job, investing in a trusted company like KRS Holdings isn’t just smart, it's essential.
Contact us today to learn more.