How much do property management companies charge (approx.) to manage rental properties?

Question

I own several condos in Portland, OR. Any idea on approximate cost of having the property managed?

Answer 1

Ours charges 12.5% of gross rental income

Answer 2

Typically half to one-month's rent to place a tenant, then 10% monthly to manage.

Answer 3

it depends where....for the most part they charge approximately 10% of rental income...

Answer 4

It probably varies from state to state. The norm in my state, NC, is 10%

Answer 5

you may cope with your individual assets and hearth your administration business enterprise. generally types are no longer secure via any regulations as they are public assets. lots of persons might take types and regulate them to fulfill their standards. it would desire to learn you in case you will possibly prepare your self for this being a landlord that cope with their very own assets via doing countless issues. #a million. purchase as many books as feasible approximately assets administration out of your community e book shops. you additionally can locate such books on Amazon. #2. evaluate transforming into a member of the community place of residing abode association. This business enterprise might have, to your use, each and all of the mandatory types you will possibly desire to succeed in being a landlord. additionally you will possibly have the skill to community with different community apartment assets proprietors. they are able to additionally grant vanilla criminal and tax tips. There are distributors obtainable that may be useful you on your apartment activities which incorporate credit distributors to acquire credit comments and people who would desire to help in any feasible evictions. you would be presented to others via attending community conferences besides via fact the newsletters presented to individuals. the fee of changing right into a member of this business enterprise would desire to be tax deductible. This team may be instrumental in community information approximately leases, hire you will possibly have the skill to assemble and feasible government classes you will possibly choose to be in contact in with your apartment unit. there is greater to being a landlord than in basic terms having a apartment unit, putting a hire sign our and day after right this moment have a available tenant that would desire to be economic to blame to pay you hire each and each month. additionally you would be taking calls direct approximately issues and skill issues on your apartment unit. i desire this has been of a few earnings to you, sturdy luck. "combat ON