What is the typical annual cost of a property manager

[Jack Yvars]

Hi I am looking at purchasing a potential 6 unit property with 10 storage units about and hour away from me. I don’t wanna be up there all the time and am wondering what the cost for a property manager usually is and also where to find one?

[Bruce Petersen]

@Jack Yvars, had someone ask me yesterday if I would manage their 10 unit MF (I have a management company), I told him that it would be 10% or $1500 monthly whichever is greater.

This would equate to roughly 60% of his free cash flow so there's no way he could make it work.

For any legit and experienced MF management company there will be a minimum which almost always will be non workable in the numbers especially if you have investors.

Probably more to your question though, maybe you can find one of the residents that you would like and trust to help with basics for a few hundred a month?