Definition
Management fees typically range 8-12% of collected rent. Services include tenant screening, maintenance coordination, accounting, and legal compliance.
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Management fees typically range from 8-12% of collected rent, though some charge flat fees or percentage of NOI. Fees should clearly specify what services are included (tenant screening, maintenance coordination, accounting, etc.). Higher fees sometimes correlate with better service quality and tenant retention.
Pro Tip
Compare management fees against value delivered in vacancy reduction and legal compliance.
Example
A property manager charges 10% of collected rent, so on a $3,000/month property, the owner pays $300/month in fees