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CAM Fees Included on Calculating Gross Income for PM
Anyone know if CAM - Common Area Maintenance fees are included as gross income for purposes of calculating property management fees. Stated differently, we specialize in residential property management but are getting into commercial properties to manage. If we are charging the owners 6% of gross rents collected for managing their commercial space, does this include CAM fees as part of calculating gross rents? I'm thinking that it would since my company IS in fact collecting the CAM fees. Just seeing what others are doing out there, thanks!