Ames vs Nearby Cities
Real estate prices in Ames can spike significantly higher than prices seen in most nearby cities. The median home value is over $150,000, and the median listing price is often over $250,000. Compare that to real estate prices in Des Moines and Cedar Rapids. Both of these cities often have median listing prices around $150,000. In Waterloo and Fort Dodge, the median listing prices are often under $100,000. While renters can expect to pay a median of $1,000 per month in Ames, the median rent price drops to around $700 in Waterloo and some other nearby cities.
Ames Property Managers
Property managers are often given complete control over the daily operations of a rental property business. They are responsible for keeping rental units clean, attractive and occupied. When a unit needs repairs or renovations are needed, the manager will hire contractors and oversee the work. They also collect rent and initiate the eviction process.
Ames Property Management Fees
Property manager may sometimes ask for a flat monthly fee, but they almost always charge a percentage of the gross rent collected from all rental units. A larger leasing fee is often taken from the first rental payment collected from all new tenants. This fee can go up to 100 percent of the new tenant’s first rental payment.
Iowa Landlord/Tenant Laws
- Landlords may legally charge up to twice the monthly rental rate when asking for a security deposit.
- Once a tenant moves out of an apartment or rental home and the keys are returned, the landlord must refund the security deposit with an itemized list of deductions within 30 days.