Tax Liens, Notes, Paper, and Cash Flow Discussions

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Jackelyn Lee
  • Property Manager
  • Perrysburg, OH
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Jackelyn Lee
  • Property Manager
  • Perrysburg, OH
Replied Jul 22 2022, 10:28
Quote from @Bugsy Sigel:

Hi! What’s the average PM rate in the Toledo area? I had one telling me 10% and I’m thinking that’s kinda high


 Our company charges 10%. 

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Replied Jul 22 2022, 12:04
Quote from @Jackelyn Lee:
Quote from @Bugsy Sigel:

Hi! What’s the average PM rate in the Toledo area? I had one telling me 10% and I’m thinking that’s kinda high


 Our company charges 10%. 

Hi Jackelyn, what’s included in that?

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Jackelyn Lee
  • Property Manager
  • Perrysburg, OH
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Jackelyn Lee
  • Property Manager
  • Perrysburg, OH
Replied Jul 22 2022, 12:05
Quote from @Bugsy Sigel:
Quote from @Jackelyn Lee:
Quote from @Bugsy Sigel:

Hi! What’s the average PM rate in the Toledo area? I had one telling me 10% and I’m thinking that’s kinda high


 Our company charges 10%. 

Hi Jackelyn, what’s included in that?
Just the management portion. Tenant communications, rent collection. 

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Replied Jul 22 2022, 12:08
Quote from @Jackelyn Lee:
Quote from @Bugsy Sigel:
Quote from @Jackelyn Lee:
Quote from @Bugsy Sigel:

Hi! What’s the average PM rate in the Toledo area? I had one telling me 10% and I’m thinking that’s kinda high


 Our company charges 10%. 

Hi Jackelyn, what’s included in that?
Just the management portion. Tenant communications, rent collection. 

 Ok thank you

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Jason Turner
  • Investor
  • Bellingham WA/Hickory, NC
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Jason Turner
  • Investor
  • Bellingham WA/Hickory, NC
Replied Jul 22 2022, 15:37

Laplante is 10% along with other charges that can come up from time to time obviously. 

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Drew Sygit#3 Managing Your Property Contributor
  • Property Manager
  • Birmingham, MI
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Drew Sygit#3 Managing Your Property Contributor
  • Property Manager
  • Birmingham, MI
Replied Jul 24 2022, 07:51

@Bugsy Sigel Is your property Class A, B, C or D?

We charge depending on the property class as that will be tied to the tenant class, which will dictate how much resources we have to invest in properly managing a tenant.

Just focusing on a management rate, without taking this into consideration, is highly likely to result in poor service.

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Anthony L Amos Jr
  • Real Estate Agent
  • Columbus, OH
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Anthony L Amos Jr
  • Real Estate Agent
  • Columbus, OH
Replied Jul 25 2022, 08:13
Quote from @Bugsy Sigel:

Hi! What’s the average PM rate in the Toledo area? I had one telling me 10% and I’m thinking that’s kinda high


 Well with that Vegas money Bugsy PM fees should't be an issue. Joking! 10% is typical for property management. However, some will negotiate with you if your doing a lot of business with them. 

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Stephen Brown
  • Real Estate Agent
  • Toledo, OH
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Stephen Brown
  • Real Estate Agent
  • Toledo, OH
Replied Aug 7 2022, 07:40
Quote from @Bugsy Sigel:

Hi! What’s the average PM rate in the Toledo area? I had one telling me 10% and I’m thinking that’s kinda high


 You can expect 8-12%. My company is charging me $75 per door currently.