Top Rated By Gartner
"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 Kentucky rental income
Let us automate your workflow and operations
Local Hurstbourne Acres support while you monitor your property management from anywhere
Tamika Jackson is the owner and Principal Broker of The Key Group of Louisville. Tamika is a licensed Realtor with extensive background in property management of scattered sites with over 15 years experience in HUD assisted and affordable housing tax credit developments. Over the years, Tamika has been active through service in various civic and c... See more
Hurstbourne Acres is a small city in Kentucky with a population of just over 10,000. The city is home to a number of businesses and organizations, including the Hurstbourne Chamber of Commerce, the Hurstbourne Lions Club, and the Hurstbourne United Methodist Church. Residents of Hurstbourne Acres enjoy a number of amenities, including a number of parks and recreation facilities, a variety of shops and restaurants, and a number of schools and churches.
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.