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Property Management Cost Calculator

Estimate the true cost of hiring a property manager. Enter the rent, number of units and vacancy, the monthly management fee, the tenant-placement fee and average tenant stay, plus any renewal, flat and setup fees — and get the total annual management cost, the effective percent of your rent, the monthly cost and the net rent you keep, with a cost-components table, a by-fee comparison, a chart, and a downloadable PDF. Built for US rental owners.

US dollars. Total annual management cost = the management fee (a percent of collected rent) + the annualized tenant-placement fee + the annualized lease-renewal fee + any other monthly fees. The placement fee is spread over the average tenant stay, and the renewal fee applies in the years between placements; collected rent = rent × units × (1 − vacancy). Effective % = total annual cost ÷ annual collected rent, which is usually higher than the headline management fee once leasing is counted. The one-time setup fee is shown separately. Actual fees, what they apply to, and extras such as maintenance markups vary by company — always read the management agreement. An estimate, not financial advice.
1 Rental income
$ / mo
units
%
Collected rent = rent × units × (1 − vacancy). Most fees are based on collected rent.
2 Management fees
% rent
% mo
yr
Leasing fee is spread over the tenant stay; a 1-year stay doubles its yearly cost vs a 2-year stay.
3 Other fees
$
$ / mo
$
Effective cost = total annual management cost ÷ annual collected rent — usually more than the headline fee.
Total annual management cost
— / yr
Enter the rent and fees, then click Calculate
Effective cost
—
of collected rent
Monthly cost
—
average / mo
Net rent kept
—
per year
Cost check
—
Enter the rent and fees
We total up the management, leasing, renewal and other fees into an annual cost and an effective percent of your rent.
Cost breakdown
Monthly rent (all units)—
Annual collected rent—
Annual management fee—
Leasing fee (annualized)—
Renewal fee (annualized)—
Other fees (annual)—
Total annual cost—
Effective % of rent—
Net rent kept / yr—
One-time setup fee—
Result summary
Annual cost —
Effective % —
Net rent kept / yr —
Monthly cost —
Management fee / yr —
Net rent kept / mo —
Cost components
FeeAnnualMonthly% of cost
Enter values to see the breakdown
By management fee (this rent)
Mgmt feeAnnual costEffective %Net kept / yr
Enter values to compare
Visualizations
Annual management cost by fee rate (highlighted = your rate)