Management Fees and Technology Fees

I am curious to see how other multi family property managers handle management fees and if you charge a separate technology fee. We pay a lot of money for our software licenses and we are thinking of charging a separate technology line item to our properties. We currently charge a 4% of revenue management fee. We do pass along overhead items.

Hi Jessica, of course it will all boil down to the management agreement that you have in place, and what it allows you to charge for. I've seen 100+ unit properties charge a technology fee on top of management fees, especially when the management fee is in the 3% range. In my experience, when that percentage increases it usually becomes a more inclusive fee that includes technology and other similar items.

So in general, I'd say yes, software/technology fees are sometimes charged, but it will depend on the management agreement and market specifics.