Thoughts on Which Property Management to Use
Hi all,
After much legwork, I have narrowed down my choice for a property management for a 5-unit property in Pilsen to two. I am having a hard time deciding and would appreciated your thoughts.
Management A - they charge 5% of gross rent, no charge on service calls (but I still have to pay for parts and/or a professional's labor if so needed), and charge one month rent if they have to rent out a vacant unit.
Management B - 7% of gross rent, $75 for each service call, and no charge for renting out an empty unit.
My building is currently fully rented, tenants are a mix of college students and young professionals.
I talked to both companies and check out their reference, both are more than solid. If all things bring equal, which one do you think is better for my bottom line?