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How Much Does Property Management Cost?

Property Management Inc.

If your property becomes vacant, they may switch to a fixed fee until it's leased to someone new. Pay attention to your contract if you agree to this fee structure. You should also ask whether they charge an additional project management fee for overseeing the work. It's also an expensive undertaking.

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Multifamily property management fees: What to expect and how to budget

MRI Software

On average, property management fees range from 4% to 12% of the monthly rental income, with additional costs for leasing, maintenance, and technology. This blog will break down multifamily property management fees, including fixed, percentage-based, and variable costs, and explain how to budget for them effectively.