Updated over 5 years ago on . Most recent reply
Property Manager Fees
Finally purchased our first rental property!
Being a newbie, I just wanted to reach out to the BP community and ask if these fees are usual or customery?
100% of the first months rent.
10% of the montly rental.
3% of a yearly lease renewal. ex. 1100/mo x 12 = 13,200 x 3% = $396.
Most Popular Reply
@Michael Sepe Industry standard is charging a flat fee (see below) or a percentage (8-10%). If you don't feel like paying 8-10% you can always try to manage the properties on your own
