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Updated almost 2 years ago on . Most recent reply

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Jason Shi
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How much does it cost to have property management company for remote investor?

Jason Shi
Posted

Hi, I am an remote investor considering buying a property in Pittsburgh, Butler county cranberry twp to be exact, but I am wondering is there any recommendations to management company that have good service but also can leave some profit margin for me :) 

So far I am seeing 10% management and every time find tenants there is one month fee. Plus you have to pay maintenance. That is like ~23% … 

Any suggestions? 
thanks!!!

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Alex Deacon
  • Investor
  • Pittsburgh, PA
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Alex Deacon
  • Investor
  • Pittsburgh, PA
Replied

@Jason Shi I would agree with @Richard F. You can negotiate. We manage 800 units in the Pittsburgh market. some owners we charge 6%. They have a high-end rental with little to no issues. Others we charge 12% because the property is in a bad area or needs a lot of work. I think @Tyler Bettencourt hit the nail on the head with his 8-12% range 

The fee is irrelevant if the company doesn't provide good quality service.

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