Property Management Fees Southern Maine

[Alexander Kappelman]

Hi:

I am starting a new property management business in Southern Maine and I was wondering the going rate to manage properties.  I am focusing my efforts on single-family homes.  

1) How much do you charge for placing a tenant?

2) What percentage or amount do you charge each month? 

Also, if you have a property management agreement form you'd share with me, that would be excellent.  

Thanks,
Alex Kappelman

[Harrison Smith]

@Alexander Kappelman The rates can vary and placement fees can be up to one month's rent with a lower ongoing monthly fee, or a higher monthly fee with a lower placement fee. It really all depends on whether or not you willing to bank on placement fees or want a stronger recurring revenue stream to fund your business. @Ivan S. example is pretty fair for the market and can vary depending on town or company. My company owns Maine Properties and we have a variety of pricing structures in place.