Property management for inner-city residential properties typically costs 5% to 8% of monthly rent. These fees cover the services needed to maintain your asset and keep cash flow predictable.
Okay, very, very popular question: fees, costs, charges. Ask a property manager, they'll say it's never enough, but as a genuine answer, we're not saying these are the fees and charges of Space Property Agency, but as a general guide to those that want to do some budgeting in their cash flows so they can understand their investment in the ongoing asset and the investment in services. In the inner city, residential property management typically will range between 5% to 8% of rent collected.
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