Victoria vs Nearby Cities
You’ll find Victoria near the Gulf coast in eastern Texas, but the real estate market offers surprisingly low prices compared to many coastal cities throughout the United States. The median listing price is typically around $200,000, and it’s common for buyers to pay around $100 per square foot if not a bit less. The city’s median rent price typically settles around $1,200 per month, so many people find buying the more affordable option. Most nearby cities offer similar real estate prices, including Port Lavaca on Lavaca Bay. Other cities with comparable prices include Goliad and Cuero.
Victoria Property Managers
Property managers are real estate professionals who often serve as salesmen and women for rental properties. They are familiar with the local real estate market and are able to set profitable and competitive rental rates. They may also handle all advertising, and it’s their job to convince great tenants to move into vacant units.
Victoria Property Management Company Fees
Property management fees often stay below 10 percent of the rent collected from tenants. Some property owners will pay as much as 15 percent for added services. It’s common for professional managers to charge leasing fees to cover the time spent marketing and screening prospective tenants.
- Once a tenant vacates a rental unit, the landlord may take up to one month to return the security deposit.
- Tenants may sue their landlords for up to $10,000 in damages if they believe that their security deposit was withheld illegally.
- When a landlord refuses to make critical repairs to a rental unit, the tenants have the option to withhold rental payments.