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What is a typical management fee?

A monthly general management fee typically falls between 8% and 10% of the monthly rent for a single-family homeflat rates are rare for the monthly fee.

What percentage do property managers take?

Percentage of Rent Property Management Fees The fees attached to this service will involve the property management company or letting agent taking a percentage of the rent, as mentioned above, letting agents typically charge between 10-15% for this.

Do you need a license for property management NJ?

Property managers in New Jersey are not specifically required to be licensedalthough many of them do get accredited through organizations like the Institute of Real Estate Management, or IREM, and the New Jersey chapter of the Community Associations Institute (CAI-NJ).

How much does a property manager cost?

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%.

What percentage do property managers take?

Percentage of Rent Property Management Fees Typically, property management companies will charge around 10-15% of the rental price for this service.

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