What's a reasonable amount to charge for property management ? Is there a difference between single vs multi? Duplex vs 10+ tenants ?
[{"id": "fian497", "text": "Commercial is typically 2-3% effective gross income, there is sometimes a minimum if the property is poorly occupied. This usually depends on the square footage. Residential is typically 10% of base rent", "replies": [{"id": "fib3j9a", "text": "This guy manages property ^ but also some people do a per door charge. Matters on the market and exact type of management you are required to do.", "replies": [], "depth": 2}], "depth": 1}, {"id": "fipdij9", "text": "It varies across markets, property size/type, and expectations of the property manager. \n\nIn California for example, buildings with 16 or more apartments are required to have an onsite manager, and that person is usually paid via a discount on rent.", "replies": [], "depth": 1}, {"id": "fjzfabw", "text": "My residential PM company is 9% for a few doors and goes down to 7% for multifamily. I go as low as 6% but that would be for a complex which brings other costs like onsite managed employees and what not.\n\nIm in Eugene Oregon.  we have been seeing \"budget\" PM companies popping up that are 85/door. They charge HUGE markups on work and don't show the property until they have approved applications so they sit on the market for a long time", "replies": [], "depth": 1}]