Like for a $1000 per month single family house. what percentage do you think they would charge, and what other fees would be involved???
2007-10-14 16:59:46 · 0 answers · asked by the d 6 in Business & Finance ➔ Renting & Real Estate
I have many rental houses. My property mgr charges 10% and that is standard. Extra fees are if they have to fix anything, and there are fees if it is necessary to evict someone.
2007-10-14 17:02:52 · answer #1 · answered by CB 7 · 0⤊ 0⤋
As a full time property manager, it really depends on the market and what the landlord is looking for in terms of service. There is no "standard" rate although most will say 8-10%, this does not work in every market and on every property. Be sure to find out if the fee is charged when the property is vacant, if there is a leasing fee, a move-in and move-out fee, if there is a lawn see if they can have a lease that required the tenants to upkeep, are supplies included (purchase your own if you can). I'm in the NYC Metropolitan region and for Home Owner Associations we charge $50 per unit which covers everything from A to Z.
2015-12-22 21:09:02 · answer #2 · answered by David B 1 · 0⤊ 0⤋
I know, I was charged 42% plus $50 a month advertising fee, plus the people at Yahoo got to use it for 3 days a year for an employee benefit,(or so I was told ) and it was a advertising expense for the owners.
This was on a mountain chalet very near Dollywood in Pigeon Forge, TN.
2007-10-14 17:05:56 · answer #3 · answered by Fordman 7 · 0⤊ 0⤋
It depends on the region, state of property, etc. Generally it s around 10% of rent. Standard fees such as maintenance are added, but ensure other fees like mortgage renewal fees aren t included in your contract.
Check more at: https://handsontap.com/are-property-management-companies-worth-it/
2016-11-13 07:26:22 · answer #4 · answered by Jamie 1 · 0⤊ 0⤋
It all depends on what they are providing. If it is just lawn service it is probably 10-15% but if it is all repairs and lawn service rubbish etc. You are probably looking at 20-25%
depending on how many accounts they have Hope that helps you out. Read the fine print too because a lot of them say prices can change with out notice or something like that
2007-10-14 17:07:16 · answer #5 · answered by Anonymous · 0⤊ 0⤋
No because it is illegal for them to give you that information in the first place. They probably asked for a fee to dissuade you from insisting on getting Information that you are not legally entitled to.
2016-03-18 10:47:56 · answer #6 · answered by Anonymous · 0⤊ 0⤋