Property management fee

Property management fee — the PH market rate for full-service residential management: 8–12% of collected rent, often plus a leasing fee (half to one month) per new tenant; serviced/short-term operators take 20–25% of revenue. The course’s permanent template rule: the fee is priced into NOI even when self-managing, so the self-manage decision is about who earns that line — you, at your real hourly value, or a professional vetted on Carson’s five qualities (incentive alignment above all: markups disclosed, churn incentives probed).

First used in: 3.9 · Operating the asset