What is the difference between a flat-fee property management company and a percentage-based one? Which one of is better?
The choice depends on your goals
There really is no set answer as to which of these types of property management companies is better because it depends on your goal as an investor and what you’re looking to do. There are companies that offer low-end for bare-bones minimum management services. If this is what you are looking for, then they may be a good fit for you.
On the other hand, you may want a property management company that is making sure that it’s getting you the proper return — and maybe they charge a percentage of the rent. Most of the time, the perception is that a flat fee company is much cheaper than a percentage-based company.
We at Empire Industries use a percentage-based process. We are the number one company in Texas, and we are proud of the fact that we offer great services — and you get what you pay for.
If you’d like to talk to us and you want to see what we offer and how we try to be a relationship-based company, give us a call. We’d be happy to talk to you. Our wealth-building strategy sessions can help determine if you are doing things right or wrong. We want to help make you a successful investor!