Association

What is a normal percentage to charge a condo association for management fees? Any other fees involved?

Out of the monthly condo association fees, what is the amount that would normally go to the actually management company for services performed. This is in regards to Indiana, but any states would be a good starting point. Also, can anyone point me in the direction of a good book that can explain how to start up a condo management business, i.e. Forms needed, marketing ideas, What to charge...Thank you

Public Comments

1. It depends upon the size of the property and what management services are provided. Typically, the fees would be similar to what property management companys would charge for a similar size rental property. I have seen fees from anywhere from 4 to 40% of collected rents. Study up on the property management business...... Michael Casey CPA Business Consultant 608-271-0068