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Property Management Licensing Laws The applicant must be at least 18 years old. The applicant must be of good character and reputation. Before being licensed, the applicant must complete a 60-hour, preapproved real estate course. The applicant must be able to pass the Maryland real estate licensing exam.
As a result of a couple of Attorney General opinions, property managers whether they are engaged in managing hundreds of units, a single unit, or a homeowners association (HOA) -- do not need a state occupational license.
Property management company fees typically, property management companies average around 10% of your monthly income as their main fee. However, for multiple properties and/or Multifamily properties, companies tend to charge anywhere between 4-7%.
Generally, to be a property manager, you need at least a college degree and some training in the property management/real estate field. In the state of Maryland, you do not need a brokers license to be a property manager.
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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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.
Property management company fees typically, property management companies average around 10% of your monthly income as their main fee. However, for multiple properties and/or Multifamily properties, companies tend to charge anywhere between 4-7%.
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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