Rental Property Calculator Question (Expenses)

[Juan C Velez]

My property management company charges 1 month's rent for getting a tenant placed in my properties.

I assume this is an expense I should include when calculating my cash on cash return. Would you agree or should I not include it? 

If I'm trying to target a specific cash on cash %, say 10%, it will make a difference if I include that fee in the numbers.

*if it makes sense to, I would only include the fee in my year 1 CoC return calculation. Not as a yearly or monthly recurring expense.