Management companies typically take a percentage of the monthly rent (can vary wildly from 8% up to 25%+). This also means they have a vested interest in increasing a building’s rent by the maximum legally allowed amount every single year, because it means they make more without doing additional work.
Management companies typically take a percentage of the monthly rent (can vary wildly from 8% up to 25%+). This also means they have a vested interest in increasing a building’s rent by the maximum legally allowed amount every single year, because it means they make more without doing additional work.