NNN property management fee

[Account Closed]

What would BP members consider a reasonable management fee for a NNN property. Could be industrial or retail. Both properties have stable long term national tenants.

I own two properties with family members. One of the relatives takes a management fee to handle things, but there is not really much to do other than cut checks and make sure the accountant does his work.

Jeffrey Kovnick

[Joel Owens]

Well that 's a touchy subject with family involved. There are administrator companies that do tasks like these.

You might want to search for them and call them to see what kind of fees they are charging and see if it is inline with your current families setup.