When rental owners think about hiring a property manager, one of the first questions they ask is, “How much will it cost me?” The better question is, “What kind of value am I getting for that cost?” Property management pricing varies across Southern California, but transparency is what separates the good from the great. At Magnum Property Management, our fee structure is simple, fair, and designed to maximize your long-term return — not chip away at it with hidden costs.
Most property management companies charge either a percentage of the collected rent (typically between 6–12%) or a flat monthly rate. Magnum’s model is a flat fee of $149 per month, paired with a $995 tenant placement fee, so you always know exactly what you’re paying. This transparent structure makes it easy for owners to budget and prevents unwanted surprises.
That monthly fee covers nearly everything needed to manage your rental successfully. Marketing, showings, tenant screening, lease preparation, rent collection, maintenance coordination, financial statements, and owner support are all included. We also conduct detailed move-in and move-out inspections with photo documentation to protect your property’s condition and your security deposit.
In some cases, additional services may be offered as upgrades. For example, Magnum provides optional monthly exterior inspections and annual interior inspections for added peace of mind. If repairs exceed $400 in one month, you’ll be notified for approval unless it’s an emergency. We don’t mark up vendor costs or add hidden administrative fees — our owners only pay for actual repairs completed.
The biggest hidden fees to watch out for in this industry are maintenance markups, vacancy advertising charges, or contract termination penalties. With Magnum, there are no markups, no hidden fees, and you can cancel with 30 days’ notice if you’re ever unsatisfied. Our clients stay because of our results, not because they’re locked into long contracts.
So what should you look for when comparing property management quotes? Ask for a breakdown of what’s included in the monthly fee. Request a sample financial statement. Ask how often inspections are done and whether your property manager profits from maintenance. Most importantly, find out their eviction rate — ours has remained below 1% since 2012 because of our rigorous tenant screening process.
When you consider the cost of your time, legal compliance, and vacancy losses, professional management isn’t an expense — it’s an investment that pays off. Owners who partner with Magnum typically earn more in the long run thanks to higher tenant quality, faster lease times, and fewer costly mistakes.
If you want to know exactly what your rental would cost to manage professionally, request a free quote today. We’ll show you how much you could save — and how much smoother your ownership experience can be.
