How 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.