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Property managers generally make less than real estate agents – how much do they make?

by Michael Levy on December 5, 2011

in National, NEWS

100 Dollar BillsTighter mortgage standards and rising foreclosures have driven up the number of rental properties, and more real estate agents are taking advantage of the shift and moving into property management.

Given that it can be easier to find renters instead of buyers in many markets, the National Association of Residential Property Managers reports a nearly two-fold jump in members over the last five years to an all-time high of 3,400.

Property managers generally make less than real estate agents — about $1,800 per property per year versus $10,000 for one sale — but they have steady business in the current market, although their fees are on the decline in some areas due to increased competition. 

To read the full article, click here: Realtor Mag

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