Property Management Expenses

3 Replies

I have had a rent house in Tulsa for 20 years.  I have just discovered BP and am thinking about buying another rental.  What is the average percentage rate/fee for a property manager in Tulsa?

@Pam Lynn

Generally, for a single family, management is going to run 8.5%-10%.  You can lower that with a larger portfolio or multi family properties.  

I pay 9% of rents for my duplex property in Bville.

So I guess the 15% I'm paying is a bit much.  Thanks for educating me!

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