Landlord / Property Manager Expense Inquiry

[Jonathan Feliciano]

What is a good price to pay a landlord / property manager to manage my properties?

What is a method I could use to estimate this expense?

[John Warren]

@Jonathan Feliciano this is mostly dependent on how large the property is and where it is located. You will see different ways of doing this, but I normally see 5-10%. Again, think about how much revenue your property generates. 5% of a 50 unit complex might be plenty to make it worth the managers time, while 8% of a duplex might not. 

Also, managers often times charge many other fees other than the monthly retainer, so you should consider the whole package (leasing, maintenance, etc).