Could anyone please tell me what's a reasonable property management fee in the Hudson county? And which services can I expect from that.
I'm not sure about your area, but you could call around to some PM companies and ask around.
Standard I see is in my location, which I believe is pretty standard nationwide, is 7%-10%, depending on number of units and neighborhood.
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.