Property management fees are from gross or net?

[Pouya Banki]

Hi everyone,

For long term, is the norm to calculate PM's fees from gross or net income? 

For short term, I'm paying PM fees from net income after deducting maintenance/repair costs. Is this correct, or should utilities also be deducted before the payout?

[Nathan Gesner]

Quote from @Pouya Banki:

Talk to your PM or read your PM Agreement. The answer can vary between companies.

Most will charge a % of rent income collected. Some will charge a % of everything collected, including pet rent, utility payments, etc. Some charge a % of rent charged, regardless of what is collected. Some charge a flat fee when a rental sits empty. Some mark up maintenance, charge you for inspections, or hit you with a monthly administrative fee.

The only way to know is go to the source.