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Updated over 4 years ago, 04/30/2020
Apartment owners: do you care about property management fees?
There are some new discount property management companies that charge 6% instead of the more typical 9% and have data showing that they keep vacancy and rents the same as the 9% alternatives. I'm wondering why they haven't picked up more traction. For example, if you're interested in selling your apartment, you could switch to a discount property manager for a year (going from, say 9% to 6% of rents) and increase the value of your property by 3%, netting yourself thousands on the sale.
So tell me, apartment owners, do you care about property management fees?