I’m curious what others are seeing out there for park property management in terms of cost. There aren’t many companies out there and I’m not necessarily looking for a company but I’m more curious what syndicators and funds are charging to manage the day to day operations? I know lots of syndicators charge an asset management fee but do they also charge a 5-10% property management fee? Any insight is helpful.
Yes 5%-10% is accurate for outside management.
Multi-Family Innovations has a full-service property management Division, We manage Multi-Family Properties Mainly throughout the Midwest.
Our Property Management Division is based on the core beliefs of integrity, honesty and hard work. We offer our clients a level of service, response time and open communication seldom encountered in today’s business world. Our clients can count on consistent communication, accurate financials and an unparalleled level of service. Our licensed professional managers, accountants and support staff, we will provide what you have been looking for in a management company.
Our function as a management company is to maximize the true potential of the property, stay on top of collections, keep expenses down, add value- get homes & lots occupied. Unfortunately there are management companies out there looking to be check writers (just paying the bills) and not looking to get the most out of the properties they manage for the best interest of their clients.
If you have an interest in our property management services, Please click on the proposal below for more information.
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