When people say they pay (8%) for property management, is that from net or gross income?

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When people say they pay (8%) for property management, is that from net or gross income?

2006-12-05 01:13:46 · 2 answers · asked by Steeny 2 in Business & Finance ➔ Renting & Real Estate

2 answers

It's 8 percent of gross income or rents collected...by the way, the typical stand is 3-6 percent so 8 is on the higher side.

2006-12-05 03:13:37 · answer #1 · answered by boston857 5 · 0⤊ 0⤋

Its always gross income - that means 8% of income before any deductions. thats a fair price to pay for management work because they have to deal with difficult tenants on your behalf.

2006-12-05 01:17:16 · answer #2 · answered by chp 2 · 0⤊ 0⤋