Analyzing deal- property management

6 Replies

Quick question. Running the numbers on duplex and budgeting in 10% for Property management. Do property management companies charge you per unit or total for the property? Thanks in advance

@Derek Worsley

Typically, they charge you a percentage of gross rents (I have seen 6 to 10%) and various fees.  One such fee is the tenant placement fee.  When they install a new tenant, they will typically charge 1/2 to 1 month's rent.  They may have lease up fees, eviction fees, inspection fees, maintenance fees, etc. 

You will find that they will vary from each company in percentages and fee amounts.  Therefore, it may be difficult nailing down an exact percentage of total.

Thank you David! Appreciate the insight

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