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Updated 27 days ago on . Most recent reply
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Property Management Fees in Rochester, NY
Hi folks - I am in the market for a Property Manager in the Rochester area for a 12 unit property. Is the below fee schedule normal?
Line Item |
Fee |
Collected Rents |
10% of All Collected Rents |
New Tenant Search & Onboarding |
$500 |
Business Hour Service Calls |
$80/hour + Materials Cost + Tax |
After Hour Service Calls |
$110/hour + Materials Cost + Tax |
|
Vendor Cost + 10% Oversight Fee |
![Mark Updegraff's profile image](https://bpimg.biggerpockets.com/no_overlay/uploads/social_user/user_avatar/47448/1699645975-avatar-slackadelic.jpg?twic=v1/output=image/crop=3648x3648@0x0/cover=128x128&v=2)
It depends on who you're hiring but that seems fairly standard. In our market it is important to make sure they are a licensed broker, carry adequate GL and worker's comp (and name you as additional insured). There are a lot of fly by night outfits up here unfortunately.
- Mark Updegraff
- Podcast Guest on Show #112