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Diversification of Property Managers’ Fees and their Determinants - The Case of Poland

Author

Listed:
  • Węgrzyn Joanna

    (Department of Real Estate Economics and Investment Process, Cracow University of Economics)

  • Najbar Katarzyna

    (Department of Real Estate Economics and Investment Process, Cracow University of Economics)

Abstract

The article aimed to determine (1) what factors affect the rates of property management fees (2) and to examine whether the rates declared by managers can be an essential factor in the segmentation of the property management services market. The research has been divided into two stages. First, the review of the literature allowed us to elaborate a list of factors affecting the rates for property management fees. Then, the research was based on the analysis of the results of questionnaires obtained from property managers. We gathered a sample of 368 responses, which enabled us to use the analysis of variances. This statistical method was utilized to answer the second research question.

Suggested Citation

  • Węgrzyn Joanna & Najbar Katarzyna, 2020. "Diversification of Property Managers’ Fees and their Determinants - The Case of Poland," Real Estate Management and Valuation, Sciendo, vol. 28(1), pages 41-50, March.
    • Handle: RePEc:vrs:remava:v:28:y:2020:i:1:p:41-50:n:4
    DOI: 10.2478/remav-2020-0004
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    More about this item

    Keywords

    property management; service property management fees; payment mechanism;
    All these keywords.

    JEL classification:

    • R30 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - General
    • R33 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Real Estate Markets, Spatial Production Analysis, and Firm Location - - - Nonagricultural and Nonresidential Real Estate Markets
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure

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