Updated about 11 years ago on . Most recent reply
PM vs Site Manager
Hi Everyone,
For a while now, I thought that property management company (PM) and site manager are the same. But after reading numerous posts and threads, I'm not so sure anymore.
Please correct or clarify.
I could hire a PM company that charges 10% of gross revenues, for instance, and they will take care of the property. If its a small property like less than 20 units, then they could manage from their own office/headquarter. If its a larger property like more than 40 units, then they will send a site manager or resident manager??? Will I be paying additional for the site manager or resident manager or is that fee included in the total 10% that they are charging already?
I'm hoping from these questions, you'd be able to explain or correct me if I'm way off base. Thank you in advance.
Jen