Property Manager Rates

[Sandy Keller]

I would really like to buy my first duplex sometime this year.  (I am still learning and analyzing so nothing in the works at this time)  However, when it comes to property managers, what is the going rate I should expect to spend?  Are the additional fees they charge as well as a percentage of the rent?  Currently my Mom has a manager for  her rentals in the Chattanooga area and his only charge is 10% of the rents.  However, he is getting older and if I would to get my own unit(s) I would be interested in getting a different manager who is not getting old enough to retire in the next 10 years, and who is familiar with and practices "Bigger Pockets Mentality"  I have learned a lot in the Bigger Pockets Managing Rental Properties book.  However, I still want the face of another human between me and my tenants.  :)  How much would that cost me and who do you recommend?