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Flat-Fee vs. Percentage Property Management in Denver: Real Costs Compared

By Denver Rental Managers · Updated October 27, 2026 · 8 min read

Summary

On a $2,800-a-month Denver home, published fees put year-one management cost (monthly fees plus one lease-up) at roughly $3,300–$5,000 for most percentage-based managers. Flat-fee plans look cheaper monthly ($129–$159), but you need every fee to compare: leasing, renewal, setup and maintenance markups. A percentage fee ties the manager's pay to collected rent; a flat fee is predictable and gets relatively cheaper as rent rises.

Key takeaways

  • At $2,800 rent, 8% is $224 a month and 10% is $280. Flat plans we found run $129–$250.
  • The leasing fee is often the biggest single charge: $1,400 at 50% of one month's rent on a $2,800 home.
  • Flat fees get relatively cheaper as rent rises; percentages scale with the rent you actually collect.
  • Many managers charge percentages only on rent collected, so you pay nothing for a vacant month.
  • Compare a full year: monthly fees, leasing, setup, renewals and maintenance markups.
How this comparison works. Fees and programs below are quoted from each company's own website, checked October 27, 2026. Prices change, so confirm in writing before you sign. This isn't a ranking, and companies are listed alphabetically. Denver Rental Managers is a free matching service. Partner managers pay us a fee for introductions. Being listed here doesn't mean a company is a partner, and no company can pay to be listed or to change what we say about it.

The two pricing models

Percentage of rent. The most common model in Denver. The manager takes a share of the rent, usually 8–10% of what's actually collected. If a tenant doesn't pay, many managers don't get paid either. That aligns the manager with keeping rent coming in.

Flat monthly fee. A set dollar amount per home, regardless of rent. Mynd lists $159 a month for one home, Renters Warehouse lists $129, and Bergan & Company offers a $250 flat plan. You know the cost in advance, and it doesn't rise when you raise the rent.

Some managers mix the two. Real Estate Solutions charges 7% but caps it at $200 a month. Many percentage managers have a monthly minimum, like Pioneer's $175 or Integrity's $150.

Year-one cost on a $2,800 home

Here's what each company's published fees add up to in year one on a home renting for $2,800 a month, with one lease-up and 12 months of rent collected. It includes the monthly fee, leasing fee and any published setup or onboarding fee. It leaves out renewal fees (usually charged at month 12), maintenance markups, optional programs and any fee a company doesn't publish.

CompanyMonthly fee at $2,800Leasing feeSetup / onboardingYear-one total
Renters Warehouse$129Not published$99$1,647 + leasing fee
Mynd$159$1,400Not published$3,308
Real Property Management Colorado$196–$280 (7–10%)$995None for vacant homes$3,347–$4,355
Real Estate Solutions$196 (7%, $200 cap)$1,000Not published$3,352
Meer & Company$224 (8%)$700 (25%)Not published$3,388 + up to $300 marketing
Evernest$224 (8%)$1,400None$4,088
Grace Property Management$224 (from 8%)$1,400Situational$4,088 (plus a refundable $800 reserve)
Walters & Company$224–$280 (8–10%)$1,400$150$4,238–$4,910
Integrity Realty & Management$252 (9%)$1,400None$4,424
Invested Property Management$252 (9%)$1,400None$4,424
Keyrenter Denver$252 (9%)$1,400Not published$4,424
Bergan & Company (percentage plan)$280 (10%)$1,400None$4,760
Pioneer Property Management$277.20 (9.9%)$1,400$200$4,926
Sheepdog Property Management$280 (10%)$1,400$249$5,009
Bergan & Company (flat plan)$250$2,800 (100%)None$5,800

Belong and Highland Realty & Management aren't included because we couldn't find a full published fee schedule.

Read this table carefully. The cheapest headline isn't always the cheapest year. Renewal fees run $150–$495 a year. Maintenance coordination fees (10% at Grace and Sheepdog, $49.95 per work order at Real Property Management Colorado) can add hundreds of dollars on an older home. And guarantees, response times and service levels aren't in the math at all.

When a flat fee makes sense

  • Higher-rent homes. On a $4,000 home, 9% is $360 a month. A $159 flat fee saves about $2,400 a year on the monthly charge alone.
  • Stable, long-term tenants. If the home rarely turns over, the monthly fee is most of what you pay, and a flat fee keeps it low.
  • Owners who want predictable costs. You know exactly what you'll pay each month.

Ask a flat-fee manager what's included. Some charge separately for things a percentage manager includes, like inspections or eviction handling (Renters Warehouse lists a $350 eviction admin fee).

When a percentage makes sense

  • Lower-rent units. On a $1,500 condo, 8% is $120, less than most flat fees.
  • Owners who want aligned incentives. If the fee is charged only on rent collected, the manager earns more when rent is paid on time and the home stays leased.
  • Properties that need hands-on work. Percentage managers often include more service in the base fee. Ask.

Check whether the percentage is charged on rent collected or on rent due. "Collected" means you don't pay management fees on a missed payment or a vacant month.

Questions that change the math

  1. Is the monthly fee charged on rent collected or rent due?
  2. What's the leasing fee, and is it charged again when the tenant renews?
  3. Is there a setup, onboarding or reserve requirement?
  4. Do you mark up maintenance, or charge a coordination fee?
  5. What do inspections, evictions and court appearances cost?
  6. Is there a termination fee or a long notice period?

Colorado's 2025 junk-fee law requires businesses to show the full price, including mandatory fees, when they advertise a price. See our Colorado junk-fee guide for what that means for rentals.

How to get help

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Sources

This guide is general information for Colorado landlords, not legal advice. Laws change; confirm current requirements with the Colorado Division of Real Estate or a licensed attorney before acting.

Frequently asked questions

Is a flat-fee property manager cheaper in Denver?

Often on the monthly charge, especially for homes renting above about $2,000. On a $2,800 home, a $129–$159 flat fee is less than the $224–$280 charged at 8–10%. But compare the full year: leasing, setup, renewal and maintenance fees can close the gap, and some flat-fee plans charge separately for services a percentage manager includes.

What is a normal property management fee in Denver?

Most Denver-area managers that publish prices charge 8–10% of collected rent each month. Some charge a flat $129–$250 a month. Leasing fees are usually about 50% of one month's rent with full management.

Do Denver property managers charge when the home is vacant?

Many percentage-based managers charge only on rent collected, so a vacant month costs no management fee. Flat-fee plans may still charge the monthly fee. Ask whether the fee is based on rent collected or rent due, and whether a vacancy fee applies.

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