Multi-Family Property Pricing/Fees Structure

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01
management fee
  • larger properties (100+units): 3-6% of total operating income
  • smaller properties (<50 units): 6-10% of total operating income
02
onboarding/set up fee
  • per unit: common for 100+units: range from $10 - $50 per unit.
  • flat fee: common for <50 units: range from $500+
03
leasing fee
  • new lease: 50-100% of one month's rent
  • renewals: Flat rate or small % (25-50%) of the monthly rent
04
addt'l fees
  • revenue from tenant services: late fees, inspection fees, application fees, resident liability insurance, svc of notice, mth to mth fees driven by local market
05
maintenance coordination
  • larger properties: included in management fee, or
  • smaller properties: 10-15% markup on vendor invoices
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