Property Manager Cost

[Christopher Holba]

I am interested in a few deals in the ballpark of $200k for single family homes. Due to my career I am unable to see the home 6months of the year.

What is a reasonable percentage to be charged by a property management company. I’d prefer not to go through one but given my circumstances I feel my hand is forced...

Thanks

Chris

[Peter Giardini]

Christopher,
Short answer... it depends.  Most managers charge 7% - 10%, plus up to one months rent for placing tenants, plus add-ons for managing maintenance issues, inspections, rent court, and a few others I am sure I forgot.
I wrote an article for BP some years ago on the topic of selecting property managers that might be of help.  Here is the link...  https://www.biggerpockets.com/...
Only way to find out exactly what it is going to cost is to talk to prospective managers directly.

Best of Luck!
Pete