Direct answer: Property management is the service that runs your property for you: it markets it, handles tenants or guests, collects rent, coordinates maintenance, and delivers reports. It costs between 8% and 12% of monthly rent for long-term rentals, and between 20% and 35% of gross income for vacation rentals. For the full picture, check rental property management in Florida.
What does the service include?
- Photography and listings on portals (MLS, Zillow, Realtor, Airbnb/Booking for vacation rentals).
- Tenant screening (credit, background, income) or guest service.
- Rent collection and deposit (ACH) and accounting.
- Maintenance and move-in/move-out inspections.
- Contract management and compliance (Fair Housing Act, local regulations).
- Financial reports with KPIs: occupancy, average rate, net yield.
How much does it cost? Fee structure
| Item | Typical cost |
|---|---|
| Management commission (long-term) | 8%-12% of monthly rent |
| Management commission (vacation) | 20%-35% of gross income |
| Leasing fee (placing a tenant) | May apply (e.g., part of a month’s rent) |
| Setup / onboarding | May apply as a one-time fee |
| Maintenance markup | Some companies charge this; worth clarifying |
2026 reference figures; they vary by company, rental type, and services included.
Is it worth it for a foreign owner?
Yes: it’s what makes truly passive, remote rental income possible. The local team runs everything while you monitor from your home country; the cost is offset by higher occupancy, legal compliance, and asset protection. Remember to include this commission when calculating your rental yield by area, since it directly affects your net return.
How to choose a property management company
- Compare the fee structure and all additional charges (not just the percentage).
- Verify experience with your rental type (short-term or long-term). See the difference in short-term vs. long-term rental in Florida.
- Ask for sample reports and which KPIs they deliver.
- Confirm how they handle maintenance and whether there’s a markup.
- Check reviews and compliance with local regulations, especially if you’re managing a vacation rental (Airbnb).
Frequently asked questions
How much does property management cost?
8-12% of monthly rent (long-term) or 20-35% of gross (vacation), plus possible leasing or setup fees.
What does it include?
Listings, tenants/guests, rent collection, maintenance, inspections, contracts, and reports.
Is it worth it as a foreigner?
Yes; it enables passive, remote rental income, with compliance and asset protection.
What should I check before hiring a property manager?
The fee structure and additional charges, experience with short-term or long-term rentals, the KPIs they report, and compliance with local regulations.
Want to delegate the management of your property? Check out our property management service and schedule a consultation with Florida HomeGroup Realty.
