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Updated almost 6 years ago on . Most recent reply

Mike Ball's profile image
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Mike Ball
  • from Los Angeles, CA
  • Member since Sep 28, 2017
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Mike Ball
  • from Los Angeles, CA
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Mike Ball
  • Los Angeles, CA
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Multi-Family and Apartment Investing

Property Management Fee for 20-unit property

Mike Ball
  • Los Angeles, CA
Posted

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#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
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Greg Dickerson#2 Land & New Construction Contributor
  • Developer
  • Charlottesville, VA
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Usually the same. 10% for smaller multi can get down to 5% over 50

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