Namibia is a country in Southern Africa. The managing agents in Namibia usually charge a percentage of the total property value as their commission. For example, if the total value of the property is N$1,000,000, the managing agent will charge a commission of 5% or N$50,000.
How much do managing agents charge in Namibia?
The average managing agent in Namibia charges a commission of 5% on the total rental income collected from tenants.
How to find the right managing agent in Namibia?
There is no definitive answer to how much managing agents in Namibia charge, as fees will vary depending on the size and complexity of the property portfolio in question. However, as a general guide, management companies typically charge a monthly fee of between 1-3% of the total rental value of the property. For example, if the monthly rental value of your property is N$10,000, the management company would charge you a monthly fee of N$100-300. When looking for an agent, you can ask friends and family so they can recommend trusted individuals or companies. Also, make sure you do a background check on the agent before hiring them.