How much does a rental property manager charge in Mérida?
How a rental property manager's fee is calculated, examples with numbers, and what to ask before hiring one. Here's how it works at Rendara.
It is the first question owners ask us, and it makes sense: before handing over your property, you want to know what it will cost and what you get in return.
In short: at Rendara the management fee is 15% of the monthly rent actually collected. No income, no fee.
How property managers usually charge
You will mainly find two models in the market:
- Percentage of the rent. The manager charges a percentage of what the tenant pays each month. This is the most common model.
- Flat monthly fee. A fixed amount regardless of the rent.
Some managers also charge separately for certain services. That's why, beyond the percentage, it's worth asking exactly what the fee includes.
The detail that matters most: agreed rent vs. collected rent
When the fee is a percentage, there is a difference that is rarely explained:
- On the agreed rent: the manager charges based on what the lease says, even if the tenant hasn't paid.
- On the collected rent: the manager only earns when the money actually arrives.
At Rendara we charge only on rent actually collected. That way our incentive is the same as yours: for the rent to arrive in full and on time.
Examples with numbers
This is what the monthly fee would look like depending on your property's rent (amounts in Mexican pesos):
| Monthly rent | Management fee (15%) |
|---|---|
| $15,000 MXN | $2,250 MXN |
| $25,000 MXN | $3,750 MXN |
| $40,000 MXN | $6,000 MXN |
| Month the tenant doesn't pay | $0 |
If you need an invoice, VAT is added to the fee.
What Rendara's fee includes
- Monthly rent collection and deposit tracking.
- Payment of the property's utilities and taxes.
- Tenant support and handling of emergencies.
- Vendor coordination and maintenance supervision.
- Periodic inspections and a property condition inventory.
- Lease follow-up and renewals.
- A monthly report on your property and a dedicated account manager.
What to ask before hiring any property manager
Whether you choose Rendara or not, these questions will help you compare:
- Is the fee calculated on the agreed rent or the collected rent?
- Which services are included and which are charged separately?
- Who approves repair expenses, and up to what amount?
- How often will I receive a report, and what information does it include?
- Who is my direct contact, and how quickly do they respond?
- What happens if I want to end the service?
Is paying for management worth it?
Do the math: how many hours a month do you spend today collecting rent, answering tenant messages, finding vendors and checking on the property? Now add what a problem that gets solved too late costs you, like an unattended leak or a payment that is several months behind.
If that time and that risk are worth more than the fee, delegating pays off. And if you live outside Mérida or own several properties, the math usually tips even further.
Which properties do we manage?
We manage individual properties with rent from $15,000 MXN per month, plus apartment buildings or complexes regardless of the rent amount.