Management Fees in the Industry

[Christina Vandivier]

I am working on a rather large project with my company, which includes getting all of our owners to agree on management fees to charge for each property. Our management services includes single-family/town homes, multi-family (over 800 units), commercial (large >100,000 square feet and small <5,000 square feet), land development, and office space.

One of the primary reasons for this discussion is because the various members of ownership do not agree on what is an 'acceptable' fee to charge for management of their properties. As a result, I am seeking input from multiple outlets and hoping to see what others in the industry are charging for their management fees in the following areas:

Property Management for:

    Large commercial

  Small commercial

    Multi-family

    Single Family / Townhomes

Asset Management

Development

I've already met with some of the larger fish; Bozzuto, Paradigm, Gates Hudson, but feel well-rounded research should consider multiple factors, including company size.

If you also know of any databases where I could search for this information, that would also be helpful! 

Thanks in advance!

[Soh Tanaka]

Any legitimate property management companies would be hesitant to discuss fees/pricing on public forum.