Russell Property ManagementRent in Greenville, NC Form
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People also ask
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What is the average property management fee in NYC?
In New York, property management companies typically charge a fee of 6% to 12% of the rent collected. In the Hudson Valley, we've found that the cost tends to be anywhere from 8% to 10% of the rent collected.
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What percentage does management take?
The percentage collected will vary but is traditionally between 4% and 12% of the gross monthly rent. Managers will often charge a lower percentage, between 4% and 7%, for properties with ten units or more or commercial properties, and a higher rate, 10% or more, for smaller or residential properties.
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Who owns most rental units?
The largest owner of apartments in the United States was Greystar, an international developer and manager headquartered in Charleston, SC. In 2024, Greystar owned nearly 109,000 units. MAA, a Tennessee-based real estate investment trust, ranked second, with 85,000 apartments owned.
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What percentage do most property managers take?
Property management companies typically charge a monthly fee of 8%–12% of the monthly rent. If the rent on your rental property is $1,200 per month, the property management fee will likely range from $96–$144.
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How much do most rental management companies charge?
Most property management companies charge a monthly fee of between 8% – 12% of the monthly rent collected. If the rent on your home is $1,200 per month the property management fee would be $120 based on an average fee of 10%.
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What are typical management fees?
The management fee varies but usually ranges anywhere from 0.20% to 2.00%, depending on factors such as management style and size of the investment.
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