Property Management Tenant Admin Fees

[James Conaway]

I have a few properties under a management company that charges me, the owner, $65 per door.

They also charge the tenant's a 2.6% admin fee each month, which equates to for example $20 a month on a $750 monthly rental payment. $20 a month, in the example, to process a payment seems high to me.

Is charging tenants an admin fee, which I believe is to cover the costs of accepting and processing their monthly payment, common for property management companies?

Would 2.6% be considered a industry average amount?

[Marc Winter]

@James Conaway, frankly I've not heard of a charge to tenants for processing their payment-- the exception being if they pay by credit card--the service fee that the credit card processor charges should be paid by the tenant.