" Property management fees vary by location, but typically for a single-family house or small multifamily property, you’ll be looking at 8-12 percent of the rent in a monthly fee and a large one-time fee each time the unit is rented. This placement fee is often 50 percent of the first month’s rent all the way up to the entire first month’s rent. "

― Brandon Turner , The Book on Managing Rental Properties: Find, Screen, and Manage Tenants With Fewer Headaches and Maximum Profits