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Welcome to the St. Louis Property Management Podcast! This week, we are diving into some of the most common questions about property management, inspired by trending searches on TikTok and YouTube. Joining us today are David Martins, one of our senior account executives, and Derek, one of our newest team members.
Election Impact on Real Estate Property Manager
We explored how presidential elections affect the real estate market. Historically, home sales and prices tend to rise after elections, except during major economic crashes like in 2008. Mortgage rates also show varied trends, with some increasing and others decreasing around election times.

Roles Property Management FeesBecoming a Property
David and Derek discussed the various responsibilities of property managers. Their main tasks include ensuring properties comply with occupancy laws, maintaining property conditions, and managing tenant relationships. They emphasized the importance of communication between property managers, tenants, and owners.
ManagerChoosing a Property Manager
The typical property management fee ranges from 5% to 10% of the monthly rent, with additional fees for leasing and renewals. They noted the importance of not just opting for the cheapest service, as effective property management can save money in the long run by preventing issues like extended vacancies.
Both David and Derek highlighted that previous experience is not mandatory to become a property manager. Starting with a related role within a property management firm and learning through mentorship can be very effective.
Key factors to consider include the responsiveness and communication style of the property manager, their local presence, and their ability to handle problems efficiently. Shopping based on these criteria can lead to better management of your property.
Tax Deductibility of Fees
management fees are generally tax-deductible, which can make professional management more financially viable for landlords.
Investment Areas
David and Derek shared their favorite areas for real estate investment in St. Louis. David prefers Kirkwood and Webster Groves for their stability and long-term returns, while Derek sees potential in Hazelwood for its affordability and growth prospects.
Thank you for joining us! We'll be back next week with more insights. If you have any questions or topics you'd like us to cover, feel free to reach out.

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