What`s A Reasonable Property Management Fee?

AbacusHow Do You Calculate Property Management Fees?
A member from Roanoke, Virginia writes:
“Can anyone suggest a good basic percentage to charge for property management services?  I manage my own property and my father’s, and I need a figure to use to base fees on so I can expense the management fees between the two accounts.  None of the realtors in my area will suggest a fee unless you come in to discuss them managing your property, so it must be somewhat flexible.  My father has 13 units, I have 31.  Thanks!”
Can you help?  Please share your advice by placing your comment below this blog entry.
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