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property management cost

how much does residential rental property management cost?

I’m curious what it would cost to have property management for a 2 family residential property in Medford MA. including, finding tenants, handling background checks and screenings, all financials and accounting, rent collection or possible eviction, inspections, property upkeep (lawn, snow removal, etc), emergency repairs, etc. ballpark or price range? thank you.

or in general… what does residential rental property management typically run? thanks.

We’re not in Massachusetts, but we charge typically 8% of the gross rent for everything. For a single property we charge 10%. We charge nothing for showing the property, advertising, running applications- we only make money when we have a paying tenant.

I have also seen some companies with ala carte charges; so much to write a lease, so much for advertising, so much for collecting rent, so much for evictions, etc.