Denver property management fees typically run 8%-12% of monthly gross rents for full-service management, plus additional fees. On a $2,000/month rental, that’s $160-$240/month. What full-service management typically covers: tenant screening and placement, rent collection, maintenance coordination, annual inspections, and lease renewals.
Additional fees to budget for: leasing fee when placing a new tenant (typically 50-100% of one month’s rent), lease renewal fee ($100-$300), maintenance markup (some PMs add 10-15% to vendor invoices), and early termination fees if you decide to switch companies. Discount property managers charging 6-7% often cut corners on tenant screening — one bad tenant in Denver can cost you $5,000-$15,000 in lost rent and eviction costs, which wipes out years of management fee savings. Interview at least 3 property managers, ask for their average days-to-lease and eviction rate, and check Google reviews from both landlords and tenants.