Property Management Question

[Lashad Hamilton]

Hello BP,

My question is how much is a standard charge a property manager should get. I understand its up to the property or properties they manage so I will give a scenario. San Antonio TX, duplex 3/2 , 3/2 rent currently $995 one side and $950 for the other. Should they receive a monthly fee or a monthly percentage of the rent? How much is too much? Any wisdom is greatly appreciated. 

[Brian Phelt]

Lashad,

As others have stated it varies per Company.  Some charge a flat rate, and others do a %.  We do a 10% of collected rents, and that number decreases if the owner gives us more than 3 doors.   Reach out if you have any other questions, and best of luck as you start investing.