Do property managers take gross rental or net

[Owen Thornton]

I was wondering how property managers take their cut, do they use the net income for the property, or they used the gross income.

If A property makes $100,000 a year without deductions, do they take 10% of that, or do they take 10% of the cash flow?

[Michael Smith]

Typically PM’s take a % of gross, the same way a real estate Agent would take a % if the sales price. However, there are also PM’s like us who charge a flat fee rather than a percentage of monthly rent.