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Updated almost 8 years ago,
Property Management Cost for 4-unit in A class neighborhood?
Trying to squeeze the numbers out on a 4-unit in a Class A area. Approximately how much % of rent would you estimate for property management?
Since this is in a Class A area and the rent is higher, is it fair to assume % off rent? The neighborhood next door could rent for $250 a door less, so would managers in a great area charge less than management for a area of lesser quality?
Also, the fact that it is a 4-unit, shouldn't there be a discount since all 4 doors are under the same roof (For convenience reasons)?