The short answer
Residential rentals in New Jersey are commonly managed for a percentage of collected rent, often in the high single digits to low double digits, plus a leasing fee when a unit is rented. HOA and condo associations usually pay a flat monthly fee per unit, which drops per unit as the community gets larger. Commercial fees are usually a percentage of collected revenue.
What moves the price
- Property size and number of units
- Age and condition of the buildings
- Number of board meetings and reports required
- Amenities: pools, clubhouses, staffed buildings
- Distance from the manager's office
Look past the base fee
Compare what's included. Some managers add charges for meetings, mailings, collections, or project supervision. See what's included in a management fee.
Getting a quote
Comet quotes after a walk-through so the price fits the property. Request a proposal or call (973) 823-8240.