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How do I get my property management license in Alabama?

To become a property manager in Alabama, you need to obtain a real estate salesperson license from the Alabama Real Estate Commission (AREC). You must be at least 19 years old, complete 60 hours of pre-licensing real estate courses, and pass the Alabama Real Estate Salesperson Exam with a minimum score of 70.

Do you need a property management license in Alabama?

YES. Key components of property management are considered a real estate activity under existing Alabama real estate licensing laws.

How much does it cost to get property managed?

Letting Agent Property Management Fees In most cases, the letting agent will charge the landlord a flat fee or a percentage of the rent and for a fully managed service, they will usually charge between 10-15% of the rent, which they will take in monthly payments.

How much do property managers charge per month?

Most property management companies charge a monthly fee of between 8% 12% of the monthly rent collected. If the rent on your home is $1,200 per month the property management fee would be $120 based on an average fee of 10%.