Arrived partners with experienced property managers who handle day-to-day operations, including leasing, maintenance, and rent collection. Arrived oversees these property managers, reviewing rental rates, expenses, and property decisions.
For single-family residential properties, the property management fee is 8% of gross rental income. For vacation rental properties, property management fees range from 15% to 20% of revenue, depending on the market and property management partner. Property managers may also charge one-time fees for items such as leasing a property, lease renewals, or preparing a home between residents.
Property management fees are paid from a property's rental income and reduce the income available for dividends. Arrived's own oversight is covered by the asset management fee described in Breaking Down Arrived Fees.
Each property's fee details are available in its offering documents.