This is a 24 space park with 23 occupied lots (all tenant owned homes) Park has city water and city sewer with gravel roads. I’m trying to put a number on management… There is a current on site guy who gets free lot rent which is now 220 and will raise to 250 after closing. This guy also does mowing for the free lot rent also. This is a arid part of Wyoming and the grass doesn’t grow that fast.
I currently have two property managers and a office for my storage and other rental business. I would like to have my property manager invoice and do the managing from a distance. (850 Miles away).
I also need a to allow a plane ride to the park with a rental car for my self. I currently live near the park but plan on moving in the future.
How much should I calculate in for these three management expenses??