Property management fees

[Elijah White]

I found a property manager with good reviews and references. They sent me a contract with the fees outlined and they are as follows:

1) One time start up fee of $299

2) Leasing fee of 50% of first month rent for the first tenant placed

3) Leasing fee/renewal fee of $175 per lease signed or renewed 

4) Management fee of 10% of gross rent collected or minimum of $75 each month. AND 100% of late and additional fees. 

Additionally under their maintenance portion:

Owner is to pay Manager’s maintenance division $50/hr and $80/hr for HVAC plus 110% of purchased items or 110% of independent contractors fees for these services, repairs, and improvement from OWNER’S funds.

I was mainly taken aback by the hourly rate of the maintenance division, the management company keeping all the late and additional fees, and the “110% of purchased items” portions of the contract. This is our first property and I feel like these fees are a bit excessive. However, there are no property management companies with as good of reviews.

Are these fees to be expected for working with a property management company?