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Updated almost 3 years ago on . Most recent reply

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134
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22
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Jay Y.
  • Real Estate Agent
  • Atlanta, GA
22
Votes |
134
Posts

Property manager charging tenants a lease renewal fee

Jay Y.
  • Real Estate Agent
  • Atlanta, GA
Posted

Hello all,

So I found out my property manager is charging my tenants a $200 lease renewal fee for renewing a year long lease.  They are charging me $150 which I'm fine with but it did kind of catch me off guard that they would charged the tenant that!  I'm just curious, did I miss this becoming industry standard or is my property manager basically gouging tenants???

Thanks so much!

Most Popular Reply

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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
14,946
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12,332
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John Underwood
#1 Short-Term & Vacation Rental Discussions Contributor
  • Investor
  • Greer, SC
Replied

This seems ridiculous. They take a percentage of the rent everymonth for just collecting then rent, then if they have to do some work they want more money.

I would fire them and get someone else.

  • John Underwood
  • Loading replies...