Realtor rental commision -- every year???
Over the past year my wife and I have been able to rehab 3 houses and rent them. In two cases we weren't able to attract the right tenants ourselves and went with a local real estate company. They charged one month's rent to find a tenant. We're handling the month-to-month management ourselves. As the first year is coming to a close I see in our agreement that apparently we'll owe the realtor another 1 month's rent if they tenants stay. And also every year after that too. Is this common practice?
If it is I guess I'll have to be more diligent in getting our own tenants.