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Updated 17 days ago,
I am officially starting my Multifamily Property Management business in Chicago
hi guys, I have been a broker for almost two years now focusing on Multifamily apartments in Chicago. Things are going well so I have officially started the property management section of my business as well. I have just taken in two customers, remote California investors - both 6 units apartment with the following fee structure. Any suggestions? Referrals? I only want to manage 4+ units buildings at certain neighborhoods, so I can only decide to accept or not after the owner disclose the location to me. I am very handy person and I fix things myself and I am very caring for each tenant, do you think the following fee structure sustainable? Feel free to shoot me a message if you have PM need in Chicago, I can manage things well at a super reasonable fee.
Management Fee. - 6% monthly, based on each month’s gross rental revenue
New Lease. - Included in management fee
Renewal of Lease. - Included in management fee
Eviction. - Included (Serving Notices to Tenants residing at the Property only)
Preparing the Property for Leasing. - Included in management fee
Other. - A third party platform fee will pass on to the Owner, per unit, about $7 per month per unit.