![]() Many property managers also charge a lease-up fee whenever they find a new tenant for your rental. For a $1500/month rental, this property management fee would be between $120-$180/month. Some charge this regardless of whether your rental property is occupied or not. However, we find that property managers often charge between 8-12% of monthly rental income. The average cost of a property manager varies, depending on your location. What Is The Average Cost Of A Property Manager? ![]() ![]() Our calculator also indicates how much these fees are as a percentage of your total income. This shows how much property management fees you will pay. Finally, we multiply the property manager’s maintenance and repair markup fees by your estimated annual repairs and add them your total. We then add the lease-up fees when your property manager finds a new tenant for your rental. How Are Property Management Fees Calculated?Īnnual property management fees are calculated by multiplying your annual rent by the percentage management fee charged by property managers.
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