What would the rule of thumb percentage fee for property management be in SW Florida for a 21 unit apartment complex? I heard that for small properties could range higher but for bigger properties is 4%. My thing is when they say smaller properties what do they mean in terms of units?
There is a big difference between hiring a property manager and managing yourself.
A property management company generally charges between 8 and 10 percent for management services.
Placing a certified property manager in an apartment unit to collect rents and to manage service while using
a property management company only to advertise and screen prospective tenants and write leases can save money but
is not full service property management.