Lender · Houston, TX · Member since 2013 · 154 posts · 28 votes
Hi,
My name is Sohrab and I am from Houston TX. I Invest in rental properties and I want to expand my business as a property management company, when I research Houston market for management company I can find out two ways that campaign are marketing:
1- flat fee per month plus first month full rent (half will be for the tenant agent if exist)
2-percentage of the gross rent amount.
I want to know what people thinking about this, and get the opening to see which way is the better way to go.
Spring, TX · Member since 2016 · 57 posts · 14 votes
10y
Sohrab,
I am in the business and in Houston compensation for property management spans both spectrums. % of gross rent collected certainly benefits you if your properties are on the lower end of the scale. I've chosen a model that combines both. % of rent collected capped at a certain amount.