Property manager charging tenants a lease renewal fee

[Jay Y.]

Hello all,

So I found out my property manager is charging my tenants a $200 lease renewal fee for renewing a year long lease.  They are charging me $150 which I'm fine with but it did kind of catch me off guard that they would charged the tenant that!  I'm just curious, did I miss this becoming industry standard or is my property manager basically gouging tenants???

Thanks so much!

[John Underwood]

This seems ridiculous. They take a percentage of the rent everymonth for just collecting then rent, then if they have to do some work they want more money.

I would fire them and get someone else.