Q:

What is the average property management fee?

A:

Quick Answer

Although there can be a fair degree of variance in the fee charged, the average property management fee is 4-12 percent of the monthly rent, according to ManageMyProperty . The fee is typically based on the number of properties in need of management, the number of units in each property and the condition and location of the properties in question, as well as what services will be needed.

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Full Answer

Other fees to consider besides the management fee are the vacancy fee, the leasing fee and the setup fee. All fees are negotiable, meaning people can attempt to get the best possible rate from their firm of choice.

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