Where can you get your property managed at a rate of 4.5%?

Answer 1

You failed to mention what type of property this is. Single family homes, rental condos and so on are usually rented at several times that rate. You can acheive that kind of rate through (1) a private management service, usually some friend given how low it is (2) if you own a large building or complex, you could negotiate that low a rate (with you paying certain add-ons) if you agreed to give the management company the entire collection for a specified time. I would look for a start up management company in your local area. Commercial real estate agents and attorneys who specialize would be a place to start.

Answer 2

You fail to mention where you are, maybe if you are in a really high rent area you might find that.

However, since most companies charge around 8-10%, by trying to find someone who would work for 1/2 the going rate, are you sure that you would really want to trust your investment to this person!

A good property manager will make you money, more than enough to cover the excess fee. And if you are trying to find someone at that low of a rate in order to "make the numbers work" for an investment you are buying, maybe you need to look at the purchase price instead, because it's not really a good investment.

Answer 3

Good luck with that. The industry norm is around 10% for residential properties. You might do better with large complexes, industrial or commercial properties. Without knowing what you want managed, it's impossible to give any guidance.