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Budgeting for Property Management services
Hi! New to BP and REI. I'm under agreement for my first multi unit. At this point, I'm planning to manage it myself, but as my portfolio grows I'd like to outsource it. I'm hearing that I can assume costs for a management company would be between 5%-10% percent of total rents. Those of you that are using them; would you say that's accurate for the Pittsburgh market? And at how many units did you switch from managing them yourself to using a third party? Thanks!