Updated 8 months ago on . Most recent reply
Property Management Fees in Rochester, NY
Hi All - I am considering to invest in Rochester. In the process of analyzing deals, I reached out a property manager for his fees. He gave me the following fee schedule. Is this normal?
Type |
Line Item |
Fee |
Fixed Fee |
Collected Rents |
10% of All Collected Rents |
New Tenant Search & Onboarding |
$600 |
|
Variable Fees |
Business Hour Service Calls |
$90/hour + Materials Cost + Tax |
After Hour Service Calls |
$120/hour + Materials Cost + Tax |
|
3rd Party Coordination |
|
Negotiated Vendor Cost + 10% Oversight Fee |