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Updated over 2 years ago,

User Stats

18
Posts
5
Votes
Ken Primrose
  • Investor
  • Edmond, OK
5
Votes |
18
Posts

Thoughts on property management fees after 26 units

Ken Primrose
  • Investor
  • Edmond, OK
Posted

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?

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