Talk:Property manager

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How much do property managers usually cost for residential properties?

It depends on the type of residential building. Is it a detached house, a townhouse, a condo unit, a low rise, a high rise apartment?

Property Manager's/Management Companies generally work on a fee basis. In most residential markets, the fee will range from 8% to 10% of collected rents. Depending on the agreement between the manager and property owner, additional fees can be charged for construction supervision and other services considered to be outside the scope of daily operations of the property.

Is there any special licenses that you have to obtain to manage property in Michigan?