I agree 7 to 10% is about right for a management fee. Also typically 50% to 1 months rent to find a tenant. On the fees side, it's a laundry list of potential fees including eviction fees, surcharges, etc.
For what's it's worth, in Allentown we charge 7% of collected rent and 50% of one months rent to find a tenant.
Feel free to ping me directly if you have any more questions.
The searches I had made few months ago gave me a range between 7% and 10% to which you need to add various fees depending on the company for new leases, eviction, termination etc.
Considering all fees I had estimated that this could amount to a 10% - 16% range.
I agree 7 to 10% is about right for a management fee. Also typically 50% to 1 months rent to find a tenant. On the fees side, it's a laundry list of potential fees including eviction fees, surcharges, etc.
For what's it's worth, in Allentown we charge 7% of collected rent and 50% of one months rent to find a tenant.
Feel free to ping me directly if you have any more questions.