Edmond vs Nearby Cities
Edmond is a growing city just north of Oklahoma City that attracts people who want to escape the big city for a more suburban living environment. While the median listing price for homes in the bigger city tends to stay around $200,000, the median listing price in Edmond is often much closer to $300,000 if not a bit higher. It’s common for the median listing price to hit $130 per square foot while the median price stays closer to $100 in Oklahoma City. Residents looking for lower housing prices can look in some smaller towns in central Oklahoma. For instance, the median listing price is closer to $200,000 in Stillwater and Guthrie.
Edmond Property Managers
Property managers are responsible for keeping rental properties up to code, attractive to residents and profitable. This includes collecting rent and paying operational bills while overseeing all property maintenance and repair projects. Some managers also handle marketing and paperwork when new residents are needed. In some cases, a property manager will also handle evictions.
Edmond Property Management Fees
Property management companies in Edmond typically charge a standard fee that is around 10 percent of the total rent collection each month. The rate can go higher or lower, depending on the company and the details of the contract. Most managers will also charge a higher fee for the first month of rent paid by new tenants that they bring to the property.
Oklahoma Landlord/Tenant Laws
- Oklahoma landlords have no state limitations on what they may charge tenants for the security deposit.
- Once a tenant vacates a rental property in Oklahoma, the landlord may take up to 30 days to return the security deposit.
- If a tenant disputes deductions taken from their security deposit, they may sue for damages up to $7,500 in court.