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Updated over 8 years ago,
5% or 10% for management fees
Newbie question but when analyzing 5 to 15 unit property do you guys generally take 10% management fees? I'm noticing a lot of brokers are insisting it should be 5%.
Properties I'm look at are in ny tristate area. Suppose I can call some local property manager but I don't want the bottom of the barrel either.