Updated about 9 years ago on . Most recent reply
Management Company Question
I was recently in discussions with a management company in Charlotte for my 11 unit apartment complex in Gastonia. She insisted that in order for me to sign a property management agreement with them, I would have to agree to give them a 6% commission if I sold the property during the length of the agreement. They insisted that it was standard in the industry. I asked her, "do you mean to tell me that everyone that uses your company to manage their properties has to pay you a 6% if it is sold?" Her reply was "yes". This is my first experience having to use a management company, does this sound right?