Huntington vs Nearby Cities
Huntington offers some of the most affordable real estate prices on the western edge of West Virginia. The city’s median listing price tends to stay well under $150,000 or $70 per square foot. Charleston is about 50 miles to the east and has a median listing price somewhere between $150,00 and $200,000 most of the time. The median price per square foot is typically around $100 in Charleston. Prices in most towns surrounding Huntington are also a bit more expensive. For instance, the median listing price in Chapmanville is often a bit higher than $150,000. It’s common for renters to pay a median of $900 per month in this region of the state.
Huntington Property Managers
Property managers often handle most if not all direct contact with tenants. This may include talking to prospective tenants and handling all paperwork when qualified new tenants are discovered. Property managers are also responsible for property upkeep, including hiring professionals for a variety of maintenance, repairs and upgrades.
Huntington Property Management Fees
The standard property management fee is between 8 and 14 percent of the total rent collected from a rental property. This fee varies, depending on the management company’s experience and size. The services included in the management contract may also vary between companies. Added expenses are almost always included in the contract.
West Virginia Landlord/Tenant Laws
- West Virginia landlords may take up to 65 days to return a former tenant’s security deposit as long as a new tenant doesn’t occupy the property within that period of time. Once a new renter moves in, the window shortens to 45 days.
- When a landlord fails to return a security deposit, the tenants may sue for up to $5,000 in damages.