How much does property management cost?

There’s no single price that fits every building, since floor area, engineering systems, grounds and the intensity of required work all differ. So a fair quote starts with reviewing the building’s documents and its actual condition.

The monthly fee usually covers administration, accounting, technical oversight, customer service and contract management. Cleaning, groundskeeping or on-call specialists may be included in the base package or billed separately.

When comparing offers, look beyond the price per square metre to the exact list of services included. A very low rate may leave out regular inspections, handling resident reports, or full reporting.

Separately from the management fee, owners build up a reserve for planned repairs. Its size is set by the building’s technical condition and long-term work plan, not decided unilaterally by the manager.

A transparent annual estimate and a regular report on actual spending make clear what each payment is for. When line items are clearly separated, owners can make informed decisions and adjust priorities in good time.