Property management

4 Replies

Hi all,
Could anyone please tell me what's a reasonable property management fee in the Hudson county? And which services can I expect from that.

Thanks!

Hi @Paul Chang

The standard is usually anywhere from 7-10% but I would call around to see what companies in your area are charging. Then interview each property manager/management company to see how they can increase your profit margins. At the end of the day the company will be your tenant's first point of contact so you want to make sure to choose someone who will add value to your company. 

Hey Paul, depending on the work, some around JC will go low as 4%. Then again, they're not the best property managers. 

You might even luck out with some new guys who are starting out and will charge you a flat fee for now until they get bigger.