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.