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Updated almost 19 years ago, 02/23/2006
Average Cost of Outsourcing Property Management
I was recently speaking to someone who owned a vacation condo in Hawaii and was quite shocked to hear that his property management company charges him 50% of his rental income. He was however very happy with the arrangement thanks to their excellent service and high occupancy. Moreover this is a condo in a prime location and I would expect the rental costs to be quite high. I have also noticed a proliferation of vacation houses along the Oregon coast, especially in the Lincoln City area.
I was wondering if folks on this board could provide some feedback about property management fees in their neck of the woods. I am interested in learning more about property management fees with regards to residential units, duplexes, multiplexes and vacation rentals.