What are the typical costs associated with property management?
An example of an AI chatbot conversation about property management costs.
What are the typical costs associated with property management?
The typical costs can vary, but they usually include management fees, maintenance costs, and leasing fees.
Can you break down the management fees for me?
Sure! Management fees typically range from 8% to 12% of the monthly rent, depending on the services provided.
What about maintenance costs? How are those calculated?
Maintenance costs can vary widely, but a good rule of thumb is to budget about 1% of the property value annually for upkeep.
Are there any additional fees I should be aware of?
Yes, there can be additional fees such as leasing fees, eviction fees, and costs for emergency repairs.
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