What does your property management company charge you?

[Scott Rubzin]

What does your Property Management company charge you? Do they mark up the invoice if something happens such as a rehab?

[Tony F.]

@Jenna Lee This first months rent at release plus 10% makes management total 18.3% if you lose a tenant after a year on a 1k$/month unit... I don’t see how you can make this pencil with these fees. Unless your tenants last 5 years. But regardless there are plenty of residential managers working for 10% on single fam and 8% on mf so why would you settle for that. Seems more common on commercial props.