Property Management hourly rate

[Peter Chester]

I'm reviewing an operating agreement for a project and noticed a clause affording a budget of $100/h for a property manager. I'm so used to seeing property management discussed as a % of rents or turnover fees that I'm not really sure what to make of this.

Do property management companies typically have an hourly rate? What's a typical multiunit hourly rate in the SF Bay Area?

[Kim Meredith Hampton]

i usually see that if they do additional items, such as; waiting with contractors, going to court etc… just need to clarify a % rate(which is typical) in the marketplace for PM’s