Those whom have property management. What is your fees like?

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All of our property management is in-house, but I have a separate company for it, so I set the numbers for what makes sense for tax reasons. But for an outside management company, I used to do, before I started my own management company, it was five percent of gross collected rents (originally they wanted 8%) and a bit higher for bringing in new tenants. Now, I’m talking about long-term commercial leases here. If you’re doing multifamily, the new lease percentage should be much less as those are only year to year leases, usually.

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10% off collected rent, there’s a flat fee every time a new tenant has to be found, I think pretty small flat fee if same tenant resigns another lease.

Will drop to 8% shortly for each house when I start renting my second one when I move out.

Property manager is reliable and I rarely have to do anything other than approve some small repairs or review inspections

My tenant fee is 1 month rent which seems like market.... and expensive af

I’m talking to one that is 6% fee no other costs

Is it national? Share the details

Really depends on the market you’re in and how many units you have. I pay $89/unit and they have other fees (eg lease renewal)

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