Property Management costs

[Anthony Freeman]

How much are you spending on property management for 50+ units?

[Michael Smythe]

Depends.

You can have a PMC that's no onsite that will probably charge 5-8%.

Of you can hire one that will place a full-time PM onsite, at a cost of $35k+, and only charge 3-5% per month.

FYI - these numbers are for illustration only and will vary depending on the location of the property.