Many wonder about exactly what a vacancy is going to do with a RI property management fee when you have hired a reputable company to manage your rental properties. Does a vacancy automatically alter the fee? Basic agreements between property management companies provide that the management companies bills you a percentage from the months rent for your service of renting a unit. Including all of the fees for screening the tenant including processing the application form, getting a credit report, having a conversation using the prior landlord and income verification. Income verification usually requires employing a 1040 for your self-employed or requesting recent pay stubs. This service should also include reporting a professional tenant for the owner along with a proper lease. This, I believe you will concur, is a lot of tenant screening information. Being familiar with the method yourself is a way that it is possible to see whether a great job has been done. You simply want good tenants, evictions are expensive. So the fees will continue to be constant for those who have a tenant or perhaps a vacancy, and it’s a fee worth paying.