What Letts Management Does and How to Work With Them

Letts Management is a South Carolina property management company serving residential and commercial properties

Letts Management handles day-to-day operations for property owners across South Carolina, managing everything from tenant relations and rent collection to maintenance and repairs. The company works with both residential landlords and commercial property owners who want to outsource the work of running their properties.

If you own rental property in South Carolina and are considering hiring a management company, Letts Management is one option to research alongside others in your area. Understanding what they do, how they charge, and whether their services match your needs will help you decide if they are the right fit for your situation.

Key Takeaways

• Letts Management handles tenant screening, rent collection, maintenance coordination, and lease enforcement for property owners across South Carolina.
• Property management companies typically charge a percentage of monthly rent collected, plus fees for specific services like evictions or emergency repairs.
• Before signing a contract with any management company, compare their fee structure, services offered, and cancellation terms with at least two other local firms.
• You can contact Letts Management directly to request information about their current service areas, pricing, and what is included in their standard management package.

What services Letts Management typically provides

Property management companies like Letts Management generally handle the operational side of owning rental property. This includes screening potential tenants, collecting rent, responding to maintenance requests, coordinating repairs, handling lease violations, and managing the eviction process if needed. They also typically handle tenant communication, keep financial records, and provide owners with regular reports on property performance.

The specific services included in a management agreement vary by company and by the type of property. Some firms offer full-service management that covers everything; others offer limited services where you handle certain tasks yourself. Letts Management's exact service menu, coverage areas, and what is bundled into their standard package should be confirmed directly with the company, as these details change and vary by location.

How property management fees are structured

Most South Carolina property management companies charge in one or more of these ways: a percentage of monthly rent collected (typically 8 to 12 percent, though this varies), a flat monthly fee per property, or a combination of both. Many also charge additional fees for specific tasks like processing an eviction, handling an emergency repair outside business hours, or showing a vacant unit to a prospective tenant.

Before you commit to any management company, ask for a complete fee schedule in writing. Request clarity on what is included in the base fee and what costs extra. Some companies charge for services that others bundle into their standard rate, so comparing the total cost across multiple firms—not just the headline percentage—matters significantly.

Questions to ask before hiring a management company

Start by confirming that the company serves your property's location and type. Ask whether they are licensed as a property manager in South Carolina (requirements vary by county and property type). Request references from current clients, particularly owners with properties similar to yours.

Ask how they handle tenant screening, what their process is for maintenance requests, how often you receive financial reports, and what happens if you want to end the contract early. Find out their policy on security deposits—how they hold them, when they return them, and how they handle disputes. Ask about their experience with evictions and whether they handle that in-house or refer it to an attorney. Request a sample management agreement so you can review the terms, cancellation clause, and fee schedule before you decide.

How to contact Letts Management

You can reach Letts Management through their website or by phone to request information about their services, service areas, and current pricing. When you contact them, have your property details ready—location, type of property (single-family home, apartment building, commercial space), number of units, and current occupancy status. This helps them give you accurate information about whether they can serve your property and what the cost would be.

If you are comparing multiple management companies, contact at least two or three before making a decision. Each conversation should cover the same topics so you can compare apples to apples: service areas, fee structure, services included, tenant screening process, maintenance response time, and contract terms.

Understanding the property management contract

A property management agreement is a legal contract that spells out what the company will do, what you will pay, how long the agreement lasts, and how either party can end it. Read the entire contract before signing. Pay particular attention to the cancellation clause—some contracts lock you in for a year or longer, while others allow either party to end the relationship with 30 days' notice.

The contract should specify how the company handles your rent money, how they report financial activity to you, and what happens to security deposits. It should also clarify who is responsible for different types of maintenance and repairs, and whether there are caps on emergency spending the company can approve without your permission. If anything is unclear or seems unfavorable, ask for clarification or negotiate the terms before you sign.

Alternatives if property management is not the right fit

Hiring a management company is one way to handle a rental property, but it is not the only way. Some owners manage their own properties, handling tenant screening, rent collection, and maintenance coordination themselves. This saves money but requires time, knowledge of landlord-tenant law, and the ability to respond quickly to problems.

Other owners use a hybrid approach: they manage day-to-day tasks themselves but hire a company to handle specific services like evictions or annual inspections. Some use property management software to track rent, maintenance requests, and tenant communication while still doing the work themselves. The right approach depends on how much time you have, how many properties you own, and how comfortable you are with the legal and operational side of being a landlord.

Frequently Asked Questions

What is the difference between a property manager and a real estate agent?

A real estate agent helps you buy, sell, or lease a property. A property manager runs the property after you own it—collecting rent, handling maintenance, managing tenants, and handling day-to-day operations. Some people work in both roles, but they are different jobs with different licenses and responsibilities.

Can a property management company evict a tenant?

Property management companies can coordinate the eviction process, but the actual eviction is handled through the court system. In South Carolina, evictions follow a specific legal process. Some management companies handle this in-house; others refer it to an attorney. Ask Letts Management whether they manage evictions or refer them out, and what the cost is.

What happens to my security deposit if I switch management companies?

Security deposits belong to the tenant, not to you or the management company. When you change management companies, the old company should transfer the deposits to the new company or return them to you with documentation. Your contract should specify how this handoff works. Make sure this is clear before you switch.

How do I know if a property management company is licensed in South Carolina?

Licensing requirements for property managers vary by county in South Carolina. Contact your county clerk's office or your local real estate commission to learn what is required in your area and how to verify a company's license status. Some counties require a property manager license; others do not.

What should I do if I am unhappy with my management company?

Review your contract to understand the cancellation terms and notice period required. Document any problems—missed rent collections, poor maintenance response, communication failures—and communicate your concerns to the company in writing. If the issues are not resolved, follow the cancellation process outlined in your agreement. Have a new management company or a plan in place before you end the relationship.