Prop Mgr Charges % of maintenance

[Ryan Komagome]

Hi All,

I started investing in a new market and got a referral to a property manager. Their agreement is 8% of rent and half a months rent fee to find a new tenant, but they also charge a percent of any maintenance that is done on the property. This doesn't seem standard to me but I'm new so could be wrong. Is this a typical fee that prop mgrs charge? Seems like this would give them incentive to not get things done cheaply.  

Thank you all in advance

[Percy Matsunaga]

@Ryan Komagome

If you have not hire this PM yet, I would get another quote from another PM so you can see the difference in price. 
If the next PM also asks for a % of maintenance then that’s probably the norm in that area.