The cost of professional apartment building management depends on the size of the building, the number of owners, and the scope of services. It typically pays for itself quickly through cost savings and the avoidance of mistakes.
One of the most common questions we receive is: “How much will professional management cost us?” The answer depends on many factors — but the more important question is a different one: how much is poor management costing you?
Factors That Determine the Price
Building Size and Number of Owners
A small building of 8–10 apartments requires fewer management hours than a complex of 50 units, and an office building has different requirements from a shopping centre. The fee is typically calculated in proportion to the hours of involvement per month.
Scope of Services Provided
A basic “Support” package (with advisory services) costs less than a “Standard” full-management package. “Premium” services for commercial buildings are priced separately.
Condition of the Property
A building with outstanding debts, ageing installations, or disputes among owners requires more time and resources.
Geographic Location
Proximity to the property affects the cost of on-site support and inspections.
When Does the Investment Pay Off?
Professional management typically pays for itself quickly through:
- Better contracts with contractors due to higher work volumes
- More effective collection of outstanding debts
- Reduction in energy costs through optimisation
- Avoidance of costly emergency repairs thanks to preventive maintenance
- Saving owners time and stress
How to Request a Quote
PREMO does not offer “one-size-fits-all” packages. Each property is assessed individually and we propose a solution tailored to its actual needs. The assessment is free and without obligation.