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General Landlording & Rental Properties

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Fred Maul
  • Stavanger, AE
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31
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Need OKC Property Management recommendation

Fred Maul
  • Stavanger, AE
Posted Apr 25 2014, 12:34

My property manager retired and sold my account to Leria Group. Leria Group, while bigger, has been only a marginal property manager. Several months after the fact they send us a contract with a 12% rate and $50/month vacancy rate.

12% is ridiculous. I have an SFR in Norman, OK that always rents and the families pay on time. I've never heard of getting charged $50/month for an empty house. That's like rewarding failure.

I read another thread where I see that 7-10% is still the norm and 12% is for labor intensive properties.

Any help or recommendations would be greatly appreciated.

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