Learn about actual and potential costs
How much should I pay for Property Management Services?
What is the average price of Property Management Services?
This procurement report includes pricing information to help you purchase Property Management Services. Our analysts provide a benchmark price and a price range based on key pricing factors to help you understand what you should be paying for this specific product or service. To see the average price for this and hundreds of other products and services, subscribe to ProcurementIQ.
Has the price of Property Management Services been rising or falling?
Analysts look at market data from the previous three years to determine an overall price trend. You can use the recent price trends to help you understand price volatility and plan your budget.
I’m not ready to purchase Property Management Services yet. Will I pay more if I wait too long?
We forecast the next three years of price movements by looking at factors likely to affect the market's supply chain, such as inputs, demand and competition. You can then use the price forecast to figure out the best time to purchase.
What other costs are associated with purchasing Property Management Services?
Our analysts calculate the total cost of ownership and assign a level of low, moderate or high, depending on things like customization, integration and installation. Use this information to budget for Property Management Services with a reduced risk of unexpected costs.
See how we display average pricing information, trends and market data.
Find the vendor to meet your needs
Where can I purchase ?
Among the roughly 277,000 property management companies in the United States, the top four operators account for less than 20.0% of total market revenue, indicating a low level of concentration. Operators must have strong contacts and a high degree of knowledge concerning local real estate markets to provide services, so... Subscribe to learn more.
Questions to ask potential suppliers
How can I gain leverage during negotiations?
How do you collect feedback from tenants regarding the quality of your property management services?
What quality awards have you won?
What credentials and certifications do you hold?
How many properties do you currently manage?
What are the various stages of your hiring process? Which specialized skills do you require your employees to possess?
How do you recruit and retain senior staff?
How do you keep your wage costs under control?
What records do you have that outline prior training for all members of the company? To what extent do you provide ongoing training to your employees?
Have you had any major complaints from past clients? How have you dealt with these complaints?
Are you rated on any industry websites? If so, what is your rating?
How do you maintain good relations with tenants and building owners?
How do you ensure effective communication with the building owner if a pressing issue arises?
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Key elements for every RFP
What should my RFP include?
Buyers should include the budget for the contract, if relevant.
Vendors should specify any other costs for which buyers are responsible.
Buyers should evaluate vendors on the qualifications of the vendor and the staff assigned to the project.
Buyers should evaluate vendors' ability to meet the scope of the work.
Buyers should evaluate vendors based on their cost proposal.
Buyers should evaluate references from vendors' previous clients.
For other selection criteria requirements, buyers should reference the Buying-Decision Scorecard section of this report.
Buyers should include the date when proposals are due and any other relevant dates (e.g. presentations, tours or final interviews) prior to the contract award.
Buyers should include the date when the contract begins and ends.
Evaluate major factors to mitigate risk
How risky is the supply chain?
Supply chain risk for property management services is low, thus supporting buyer power by minimizing the risk of price spikes or service disruptions due to issues in a market vendor's supply chain. Property managers source inputs from a multitude of upstream suppliers, including real estate and brokerage firms, electrical contractors,... Subscribe to learn more.