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"I want to know what's going on, but I don't want to be on call 24/7. This works perfectly!"
Sonia, 5 rentals
Services start at $40/month
Full transparency and control with your financials and Connecticut rental income
Let us automate your workflow and operations
Local Farmington support while you monitor your property management from anywhere
I am a licensed Realtor in CT who works with first-time homeowners in CT / Connecticut. I make sure their first experience is fun. As a Realtor, I love helping investors find that diamond in the rough. Being a licensed Realtor allows me to work with sellers who are looking to re-locate or move from their starter home to their dream home. As a licen... See more
Farmington is a town in Hartford County, Connecticut, United States. The population was 25,340 at the 2010 census. It is home to the world headquarters of several large corporations including Carrier Corporation, Otis Elevator Company, and Carvel. Farmington is also home to the University of Connecticut Health Center, which includes the John Dempsey Hospital.
The average property management fee for rental properties range from 8% to 12% of the monthly rental income. For instance, if your rental property’s monthly rent is $2,000, the management fee would typically range from $160 to $240 per month. With a property management software, like Hemlane, you can manage your rentals for as little as $40/month.
Many property management firms typically charge a monthly fee ranging from 8% to 12% of the rent they collect. Some may charge less or more, but the average hovers around 10%.
A property management company is responsible for overseeing various aspects of rental properties on behalf of property owners. Their responsibilities generally include: marketing and advertising, screening potential tenants, drafting and renewing leases, tenant move-in and routine property inspections, tenant communication, rent collection, maintenance and repairs, and financial management. With Hemlane, you get 90% of what a property manager does at a fraction of the price. From advertising, maintenance coordination, rent processing, and eviction support.
A property management software are applications designed to assist landlords and property managers in automating their back-office tasks, financial operations and administrative procedures. This includes monitoring maintenance requests, document storage, providing an online tenant portal, processing rent payments, and more.
The main benefits of a property management softwares are to reduce costs and promote growth by automating the day-to-day administrative tasks. Here are some ways this is done: providing an easy way to monitor maintenance, streamlining accounting and payments, and automating tenant communication.