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Updated almost 7 years ago on . Most recent reply

Jenni Moore's profile image
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Jenni Moore
  • Investor
  • from Carmel, Indiana
  • Member since Sep 11, 2016
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Jenni Moore's profile image
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Jenni Moore
  • Investor
  • from Carmel, Indiana
  • Member since Sep 11, 2016
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Jenni Moore
  • Investor
  • Carmel, IN
0
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Multi-Family and Apartment Investing

Property Management Expenses

Jenni Moore
  • Investor
  • Carmel, IN
Posted
How much do you typically budget for full-service property management of small (10-12 unit) multi-family properties? This may vary by location but I am interested in understanding the range. Thanks!
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Andrew Kerr's profile image
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Andrew Kerr
  • Rental Property Investor
  • from Everywhere, USA
  • Member since Aug 18, 2012
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Andrew Kerr
  • Rental Property Investor
  • from Everywhere, USA
  • Member since Aug 18, 2012
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Andrew Kerr
  • Rental Property Investor
  • Everywhere, USA
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Andrew Kerr
  • Rental Property Investor
  • Everywhere, USA
Replied

@Jenni Moore Figure 7-10%. When they quote you a percentage, make sure to ask what other fees they charge. They might charge a setup fee, yearly admin fee, see if they include a lease up fee, or a lease renewal fee. These extra fees are what can kill the cash flow.

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