Property Management
A New Hampshire property manager's management fee is typically calculated as:
AA flat monthly fee regardless of occupancy
BA percentage of collected rents, typically 8-12% for residential properties✓ Correct
CA per-unit annual fee set by the NHREC
DA percentage of the property's market value
Explanation
Property management fees in NH are commonly 8-12% of collected gross rents for residential properties, though flat fees and other structures are also used. The fee is typically negotiated in the management agreement.
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Key Terms to Know
Gross Rent Multiplier (GRM)
A quick valuation metric for income properties calculated by dividing the property price by gross annual rental income.
Comparable Sales (Comps)Recently sold properties similar in size, condition, and location used by appraisers and agents to estimate a property's market value.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Earnest MoneyA deposit made by the buyer when submitting a purchase offer, demonstrating serious intent and serving as consideration for the contract.
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