How much do property managers charge per month In San Diego?
There are two types of fee structures. You have a percentage-based fee, or you can have what they call a flat monthly fee.
The percentage-based fee is a variable of the total income that comes in per month. The property manager will charge a fee based on a percentage of that. Depending on what is being managed, that will give you a greater indication of what that fee is.
Typically, if it’s going to be large apartment buildings, let’s say a hundred units or more, you’re most likely going to be charged right around five and a half to 6%. If it’s a much smaller building, let’s say it’s like 50 units or below, you’re going be closer to like 7% to uh, 8%.
Single family homes, because those are so much more hands on, you have a lot more turnover. You are most likely going to be charged anywhere between eight to 10% per month on the single family.
Just to make sure I fully answer that question, how much do they charge per month?
It can either be a percentage based on the total income that’s generated or it can be a flat fee that does not change or is non-variable and it’s just a fee that you pay every month for the service.
For a more in depth answer to this question, watch the video Below:
I hope this answers your question. If you have any other questions related to property management, please reach out and let us know.