Property management pricing
Pricing
Clear fees for managing and leasing your Miami rental property.
Ongoing management
Monthly management
From 5%
of the monthly rent
- Rent collection
- Maintenance coordination
- Move-in / move-out inspections
- Financial reporting
- Eviction coordination
- 24/7 emergency response
- Rental market analysis
- Lease renewals
Finding a new tenant
Leasing
One month’s rent
Charged after the tenant pays the first month’s rent and security deposit.
- Rental analysis
- Listing on the MLS and 150+ other websites
- Professional pictures & 3D virtual tour
- Tenant showings
- Tenant screening
No hidden fees.
Novel Management fees, explained
The details
behind the numbers.
Our monthly management fee starts at 5% for Miami owners of long-term rental homes, condo units, townhomes and small multifamily properties.
What does the monthly management fee cover?
Rent collection, maintenance coordination, move-in and move-out inspections, financial reporting, eviction coordination and lease renewals. See our management services and process.
Is finding a new tenant included in the monthly fee?
No. The separate leasing fee is one month’s rent. It covers rental analysis, marketing, photography and a 3D tour, showings and tenant screening. The leasing fee is charged after the tenant pays the first month’s rent and security deposit. Learn about rental marketing and leasing.
How much does a lease renewal cost?
Novel charges $0 for lease renewals. Renewing an existing tenant’s lease is different from placing a new tenant, which carries the separate leasing fee.
Does no maintenance markup mean repairs are free?
No. Maintenance coordination is included, but the property’s repair and vendor costs still need to be paid. Novel does not add a maintenance markup. Review our maintenance and inspection process and confirm approval arrangements for your property.
Do I pay a management fee if rent is not collected?
Our management-fee guarantee is simple: no rent, no management fee. This does not remove other property expenses, such as repairs, insurance or association charges.
Is there a cancellation fee?
Our management contract is month-to-month, so you are not locked into a long-term agreement. There is no cancellation fee. Review your agreement’s notice and handover requirements before ending service. Our manager-switching guide explains what to organize.