In Michigan, most property management projects cost between $100 and $300 per month, with a typical price near $150. Local labour, permits and materials move the final price, so treat the range below as a planning guide.
Typical property management cost
$100 – $300
per month · typical $150
A general planning range, not a quotation.
Property management cost breakdown
- Full-service (10% of rent)$100 – $300typical $200
- Tenant placement only$50.00 – $150typical $100
- Vacation rental management$200 – $800typical $400
At a glance
- Typical range$100 – $300
- Unitper month
- Cities covered33
What Property Management costs
Covers a property manager's services like marketing, tenant screening, rent collection, and maintenance coordination. Usually charged as a percentage of monthly rent, often 8-12%. Additional fees may apply for leasing or maintenance.
By city in Michigan
- Ann Arbor
- Battle Creek
- Bay City
- Dearborn
- Dearborn Heights
- Detroit
- East Lansing
- Farmington Hills
- Flint
- Grand Rapids
- Holland
- Kalamazoo
- Kentwood
- Lansing
- Lincoln Park
- Livonia
- Muskegon
- Novi
- Pontiac
- Port Huron
- Portage
- Rochester Hills
- Royal Oak
- Saginaw
- South Lyon
- Southfield
- St. Clair Shores
- Sterling Heights
- Taylor
- Troy
- Warren
- Westland
- Wyoming
Frequently asked questions
What does property management cost?
Expect 8-12% of monthly rent for full service, plus lease fees and maintenance markups. Vacation rentals cost more.
What affects the management fee?
Property type, location, number of units, and services included. High-end homes may have lower percentages.
Can I manage my own property?
Yes, but it's time-consuming. Use rent collection software and screen tenants thoroughly to save money.