How Property Management Fees Work for Commercial and Multifamily Properties

How Property Management Fees Work for Commercial and Multifamily Properties

In general, commercial and multifamily property management fees will range between 4-12% of the property’s overall rent. However, in some situations, these numbers may go as low as 3% and as high as 15%. In other cases, especially when a building is very large, a company may charge one flat, monthly fee.

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The Top 15 Multifamily Property Managers of 2019

The Top 15 Multifamily Property Managers of 2019

When it comes to owning or investing in multifamily real estate, hiring an effective and competent property management company is key. While there are many firms on the market, the industry is dominated by a group of major players. In fact, the top 10 apartment management companies in the U.S. collectively manage well over 1 million residential units. In this article, we’ll review the top 15 largest multifamily property managers in the United States, using information taken from the National Multifamily Housing Council (NMHC) 2018 Apartment Manager List.

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What is ClickPay and How is it Used?

What is ClickPay and How is it Used?

ClickPay is one of the most popular online payment platforms used by multifamily and commercial landlords and property managers. The system allows property owners/managers to bill tenants, while accepting payments via credit cards, checks, and ACH transfers. While the software is most commonly used for multifamily apartment properties, it can also be used for condominiums, cooperatives, and purely commercial properties.

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