Salina vs Nearby Cities
Salina is positioned in the heart of Kansas and has an active housing market with prices that sometimes drop more than 50 percent below the national average. The city’s median home value is often around $100,000, and the median listing price tends to stay around $150,000. This is comparable the home prices seen throughout this region of the state. In nearby McPherson, the median listing price is also around $150,000 even though the median home value is closer to $120,000. Slightly lower housing prices are seen in cities like Abilene and Minneapolis. Both of these cities have median listing prices around $120,000.
Salina Property Managers
Property managers work hand-in-hand with property owners and real estate investors. They handle the day-to-day operations of rental properties, ensuring that the property is well-maintained and that the tenants are satisfied with the living conditions. A manager will handle everything from rent collections to overseeing maintenance, landscaping and other needed services.
Salina Property Management Fees
Most property managers charge a basic management fee in addition to a leasing fee. In some cases, a vacancy fee is charged instead of the leasing fee. The property owner will cover all routine operational expenses on top of these fees. The leasing fee is designed to cover the manager’s time when marketing and screening for new tenants.
Kansas Landlord/Tenant Laws
- If a tenant believes that a landlord has withheld their security deposit illegally, they may file a lawsuit worth up to $4,000 in damages.
- Landlords may not charge more than one month’s rent for a security deposit if the rental unit is unfurnished. An amount equal to half the monthly rent is added for furnished units.