Omaha vs. Nearby Cities
Consumer demand for real estate on Nebraska’s eastern coast started to grow in 2011, driving home prices in cities like Omaha up due to limited availability. That trend is expected to continue in the upcoming years, but many homeowners are still able to score deals in this region of the state.
The median listing price for homes in Omaha is still under $250,000, which is comparable to many surrounding cities like Lincoln and Bellevue. All of these cities offer median sales prices around $150 per square foot, and median rental prices are around $1,500 per month. Buyers looking for more affordable prices may find what they need in Nebraska City, where the median listing price is under $200,000.
Omaha Property Managers
Property managers serve as the eyes and ears for busy property owners and investors. They’re responsible for overseeing the daily operations of all rental units, and some are also responsible for accounting, property repairs and tenant recruitment. A good property manager ensures that the rental units are attractive, safe and comfortable for tenants.
Omaha Property Management Fees
Most property management companies will charge clients a percentage of the monthly rent collected from renters. The average fee is typically below 15 percent, but this varies depending on the services included in the contract. There are some added fees charged by most managers, including a fee for finding new renters to fill units.
Nebraska Landlord/Tenant Laws
- In Nebraska, landlords cannot charge more than the equivalent of one month’s rent when asking for a security deposit.
- Landlords have up to 14 days to return a tenant’s security deposit once they move out of the property.
- Before a Nebraska landlord can start the eviction process, they must give the tenant three days to pay overdue rent or vacate the property.