Updated about 6 years ago on . Most recent reply
Property Management Fee for 20-unit property
What is the typical you see for PM fee for a 20-unit property that has average rents of $850/month/unit? It would not require personnel on staff.
I understand that varies market to market but in Charleston, the management fee on SFR is 9-10%.
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Greg Dickerson
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Greg Dickerson#2 Land & New Construction Contributor
#2 Land & New Construction Contributor
- Developer
- Charlottesville, VA
Usually the same. 10% for smaller multi can get down to 5% over 50