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Thanks.

I am trying to figure out the industry practice for leasing agents. Are onsite leasing agents salaried or do they recieve a commission each time they get a unit leased or re-leased. that's one question and then is that cost (salaries to leasing agent or commssions to leasing agent) factored into the 50%. thanks!

Thank you. One additional question - are leasing commissions included in the operating expenses factored into the 50% rule

Also, is the 2% on annual rents or just one months rent? Finally, with the 2% rule, what percent down payment is assumed. Thanks.

I am currently a landlord on 8 single family homes in Atlanta and am starting to do some research to take it up a notch and try and acquire an apartment complex, after finding some other investors. Although I now have a good handle on what a good management company will do, I do not have a handle on how the leasing process is typically handled and how large a complex you need to buy to justify an on-site leasing agent. Also question as to typical type and structure of compensation for a leasing agent. All thoughts appreciated. Thanks.