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Updated almost 3 years ago,
Do you pay finder's fees to your management company?
Is it common for a management company to charge a "finder's fee" equal to first month's rent for every new tenant they place in your property?
With a force appreciation strategy (like raising rents heavily over the course of a year and then selling quickly), I feel like there will be a lot of turnover, and then it makes it impossible to service the debt for that 1 month that there is no rental income. I realize not all the leases end at the same time, but still seems like it would make this strategy difficult
Thanks for the input!