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533 - How to Choose a Management Company for Multifamily Properties by Paul Moore

BiggerPockets Daily

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Property Managers Are Worth Their Weight in Gold

Great property managers are worth their weight in gold. It's likely you'll pay more for the right one. Most offsight, property management firms charge between six and 12 % of lected rent. A bad decision here may mean there is no next deal. For growth, hiring a great manager may be the difference between retiring with a large, cash flowing portfolio or giving up in year two.

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