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Updated over 6 years ago,
Property Management Fees
I have found most management companies take 10% rent plus one half to one full months rent amount when filling a unit. Considering a 12 unit with $1,000/month rent per unit. Worst case scenario all tenants could leave after 1 year and once property management re-fills all units, there would be a charge of $12,000?? Or each time a unit is filled property management takes $500-$1,000? If this is the correct, where do all of you investors account for this charge when running your numbers? Thank you.