how much do you pay a property manager

[BarrettDella]

You will typically pay a property manager a monthly fee equal to 5% to 10% of the monthly rent. This percentage can vary based on factors like the property type, location, and the number of units, with larger portfolios often seeing lower percentages. Additionally, you may face other costs such as a leasing fee for new tenants (50-100% of one month's rent), an on-boarding fee, and a markup on maintenance costs.