Michigan Property Management Package Michigan Form
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People also ask
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Do I need a license to be a property manager in Michigan?
In Michigan, property managers must often operate under a real estate broker's license if they are handling lease negotiations or property rentals. They must be at least 18 years old, complete 40 hours of pre-licensing coursework, and pass the real estate examination.
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How much do property management companies charge in Michigan?
Average Property Management Fees in Michigan Average management fee: 8.92% of collected rent. Flat fee options: $99.00 and $100.00 for management services. Tenant placement only: Average fee of 74.1%. Combined tenant placement and management: Average rate of 70.3%.
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Do I need a license to be a property manager in Michigan?
In Michigan, property managers must often operate under a real estate broker's license if they are handling lease negotiations or property rentals. They must be at least 18 years old, complete 40 hours of pre-licensing coursework, and pass the real estate examination.
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Can I manage my own rental property in Michigan?
YES. Property management is considered a real estate activity under existing Michigan real estate licensing laws.
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What kind of property manager makes the most money?
High Paying Property Management Jobs Facilities Director. Salary range: $92,000-$202,000 per year. ... Real Estate Director. Salary range: $90,000-$145,000 per year. ... Director of Corporate Real Estate. ... Site Engineer. ... Commercial Portfolio Manager. ... Site Manager. ... Senior Property Manager. ... Housing Officer.
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What is a property manager in Michigan?
Employees in this job direct professional subordinates in a variety of assignments to provide real estate appraisal, analysis, finance sale, purchase and/or property management services such as lease negotiation and oversight of contractual services for custodial, security, maintenance and other related services.
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How much does an assistant property manager make in Michigan?
Assistant Property Manager Salary in Michigan Annual SalaryMonthly Pay Top Earners $55,346 $4,612 75th Percentile $44,000 $3,666 Average $39,516 $3,293 25th Percentile $32,200 $2,683
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How much do apartment property managers make in Michigan?
$38,400 is the 25th percentile. Salaries below this are outliers. $47,900 is the 75th percentile.
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