What is the typical rate for property managers in the Lexington area. I am an out of state investor, and I consistently get 6% in Arizona. What should I expect in Lexington/Kentucky/Fayette?
Also any recommendations for good property managers
I cant speak for your location but I have seen between 8-10% in NC... I know if you have a considerable portfolio (5+ properties) you can see closer to 5-6%.
I am focusing on the University student area in Lexington
Hi @Akshay Johar - Generally speaking, you'll pay ~10% for long-term rentals. Feel free to shoot me a PM if you want a recommendation. Can't say enough good things about my property management team and happy to make an intro if it makes sense.