Lincoln vs Nearby Cities
Lincoln is located toward the southwestern corner of Nebraska and is often a haven for buyers in search of reasonable real estate prices. The city’s median home price tends to stay below $250,000, and the median home value is securely below $200,000. The median price per square foot is around $150, and renters often find a median rent price around $1,200 per month. These prices are slightly higher than those often seen in smaller nearby towns as well as some larger cities in the area. For instance, the median home price in Nebraska city is often around $120,000. Buyers in this city can easily find homes listed for less than $100 per square foot. Prices in Omaha are more comparable to those seen in Lincoln.
Lincoln Property Managers
Property owners hire managers when they are unable to protect the integrity of their rental units without professional help. They depend on the real estate expertise and the managerial skills of experienced managers to keep their properties in good standing with all laws and attractive to tenants.
Lincoln Property Management Company Fees
On average, property managers charge 10 percent of the rent collected from managed rental units. This rate can go substantially lower in some cases, and higher rates are charged for properties that may demand more attention than usual. Most property management companies will negotiate fees based on the needs of each client.
Nebraska Landlord/Tenant Laws
- Nebraska landlords are limited to one month’s rent when charging a security deposit.
- Landlords must return a tenant’s security deposit within 14 days of the tenant vacating the property.
- Tenants can file lawsuits against landlords if their security deposit isn’t returned. The maximum amount that they may sue for changes every five years.