Property Manager Under Broker - Commission

[Peter F.]

Hello BiggerPockets!

I have learned so much from the forums and apologize upfront for not being a greater contributor. 

Would you mind sharing any advice or experience that you have with paying Property Managers a commission for their work?

I have an opportunity to start from scratch a property management division for a smaller established firm.

My payment would be 100% commission for property management services. 

In my area property managers usually receive 1 month rent for signing a new tenant and an ongoing 10% commission for each month the unit is rented.

What do you think is fair for splitting this with the firm?

Thank you very much! Any help that you can provide would be much appreciated.

-Peter

[Peter F.]

Hi @Brandon Stewart,

You actually did better than me. 

My split ended up being:

55% - Me

45% - Firm

Split of all commission that I bring in. Additionally there is a $35 desk fee which covers the internet, office etc...

Also every month I have to pay my own E&O insurance which is about $25.

I wish you good luck in your new business!

-Peter