Listing Manager vs. Property Manager

[Andrew Bosco]

Hey all, 

I am curious as to what you think is fair compensation for listing an MTR and sourcing a tenant for an MTR rental.

Would you consider a % of rent during the time of rent period or a flat fee? I say a Listing Manager as someone who just sources/finds suitable MTR tenants whereas a PM follows up with tenants and continues the relationship. I would be a listing manager in this case. 

I just wanted to hear a general discussion of what you feel is fair. LTR tenants are sourced/listed for rarely and STR tenants are on a much faster cadence of renting properties. Obviously, MTR tenants are somewhere in between.

[Allen Duan]

As a benchmark, we charge 15% for managing MTRs. If someone we're to send me a quality lead that ends up booking, I'd pay a percentage of the monthly rate. Maybe 5-10%