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Updated 9 months ago on . Most recent reply

User Stats

21
Posts
8
Votes
Gene Paniccia
  • Realtor
  • St. Petersburg, FL
8
Votes |
21
Posts

Are these PM fees normal?

Gene Paniccia
  • Realtor
  • St. Petersburg, FL
Posted

I hired a PM who agreed to manage my property for 8% of the rent. The house has needed some work done which the PM handled. I disputed a charge on my last statement (believing I've been doubled charged for some work). As I'm looking over their explanation I notice that I am being charged 8% of the rent received from CMHA. 8% from the rent the tenant pays and another 8% of the water bill which the tenant pays. 

Is this normal? 

  • Gene Paniccia
  • Most Popular Reply

    User Stats

    17,651
    Posts
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    Russell Brazil
    • Real Estate Agent
    • Washington, D.C.
    30,538
    Votes |
    17,651
    Posts
    Russell Brazil
    • Real Estate Agent
    • Washington, D.C.
    ModeratorReplied

    Read your contract.  The only thing that sounds out of the ordinary here is the water bill

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    District Invest Group
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