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Updated over 2 years ago,
Thoughts on property management fees after 26 units
What are expectations for property management fees when you have 26 units under a single property management co.
-I’m in the Midwest (Oklahoma)
-in a small town (30,000) and
-am paying 10%. But when you factor in 65% on first month of new lease and 50% on lease renewals it’s probably closer to 14% of gross rents.
-gross rents are about $18,000/month
I really like these guys but any feedback on realistic expectations- probably about to attempt to negotiate an 8% gross rents and leave the new lease and renewals as is.
Any thoughts?