Rate to Pay Property Managers

12 Replies

I have 15 units (and counting) across a small handful of properties in New Hampshire. What is a reasonable rate to expect for property management? Both monthly rate and lease up fee?   

It’s probably a very local question.  I pay 8% plus a $300 placement commission. Oh yeah. And a stoopid $125 re-leasing fee that makes mad just typing. :-). 

@Zander Kempf

Our PM company charges 8% for management and 75% of a month’s rent to place a tenant. This is roughly what I see in NH, although maybe a bit cheaper (I see 9-10% typically). Let me know if you’d like an intro.