How much does a property manager charge per property that they manage?

Answer by  tamarawilhite (17883)

Many property managers charge 10% of the monthly rental rate to manage a property. If managing multiple properties for one person or a large multi-dwelling building, the charge may be 5-10% of the monthly total rent.

Answer by  patti (29325)

The fee would depend on the property, how many units/tenants/amenities/services and the scope of responsibilities. This would all be worked out in a proposal, then the management company would submit its bid for the job that has been described by the property owners. Once you determine exactly what you need, contact two or three companies for bids.

Answer by  WadeLaw (37)

A typical fee is 10% of the rent, usually collected on a monthly basis as rent is paid. The fees can be reduced to about 8% for multiple properties. But there are also other fees, a property manager may charge 10-15% of any repairs contracted by them and they also charge up to one month's rent for placing a tenant.

Answer by  Brandon55 (1719)

The amount will vary based on the exact services and particular company. The normal amount is 10 percent of the rent collected on the property.

Answer by  ABCD14 (14)

The fee can vary from 3% to over 15% of month gross Place of percentage manager may charge flat monthly fee vary from $50 to over $200 per month.