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Updated almost 16 years ago on . Most recent reply

Account Closed
  • Full-Time Investor
  • Charlotte, NC
1,562
Votes |
2,280
Posts

Property Management Fees

Account Closed
  • Full-Time Investor
  • Charlotte, NC
Posted

What do you guys think about this proposal from a property manager?? She is the wife of my handyman, and they are good people. She works for the next city over in their Housing Authority Program, and does property management for investors as well. Subject property is 4 units that rent for 450 each. I do not like her charging on the hour to show units, as that gives her no incentive to actually lease a unit. Also think advertising should come from her budget. Wanted to get other opinions..thanks.

Proposal to Manage Property:

Initial duties:

Placement of advertising in Gaston Gazette: (owner cost with receipt)

Charge of $10.00 per hour for showing of units...etc-(with detailed time log)

Rental application $25.00 (charge to applicant) includes...criminal background check, credit check, sex offender, landlord verifications

Once units are 100% occupied...Collection of rent by Manager 5% collection fee.

If rents are collected by owner, Manager Fee would be at $10.00 per hour for any additional management duties...ie...summary ejectments, writ of possession, notice to pay rent or quit, consultation on Tenant Landlord Laws, collection of late rents would be at 5% fee. Court cost are to be paid by owner unless tenant remains and they would pay the cost. Court fees are $85.00 summary ejectments, $40.00 for writs prices are set by the Clerk of Superior Court.

This proposal is negotiable.

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