Killeen vs Nearby Cities
Killeen offers some of the more affordable real estate prices in central Texas. The city’s median listing price is around $150,000, and the median home value tends to stick close to $100,000. This is comparable to the real estate prices seen in most nearby cities, including Copperas Cove and Temple. Renters in these cities can expect to pay a median of $1,000 per month.
Buyers who look for homes for sale south of Killeen are likely to find much higher real estate prices. For instance, the median listing price in Belton is known to rise above $200,000 with a median price per square foot over $100 most of the time. In Florence and Georgetown, the median listing prices are typically well above $300,000.
Killeen Property Managers
Property managers are responsible for collecting rent from tenants and ensuring that all rental units are occupied by quality renters. They typically communicate with contractors and tenants on behalf of the property owner and may send pictures and updates to the owner on a frequent basis.
Killeen Property Management Company Fees
Property managers often collect a percentage of the rent that they collect from tenants each month. This basic management fee tends to stay below 10 percent but can go much higher if a property owner requests additional services or due to special circumstances. Additional fees are usually charged on top of the management fee.
- Non-refundable security deposits are not legal in Texas. Leasing agreements with a clause stating that the security deposit is non-refundable are often dismissed in court when challenged.
- Landlords in Texas have no limitations when determining how much to charge for a security deposit, but they cannot change the rate in a discriminatory manner.