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Updated over 1 year ago on . Most recent reply

User Stats

11
Posts
1
Votes
Deb L.
  • Real Estate Investor
  • Lake Mary, FL
1
Votes |
11
Posts

Are these property management fees standard? Central FL

Deb L.
  • Real Estate Investor
  • Lake Mary, FL
Posted

I'll be renting out a condo soon; the prior tenant was a relative, great tenant for many years. I self-managed, no extra fees, etc.

I've recently hired a property manager. Here are their fees to the tenant--

$150 administrative fee
$75 application fee (I think that is per person)
44.95 per month resident benefit package (includes renter's insurance, monthly air filters, credit building, I.D. protection) --mostly a cash grab 
Plus our condo charges $100 application fee.

 I might be $50-$100 high on the rent I've set which I can of course change if I don't get a potential tenant. 

Their monthly charge is 7% whereas the standard seems about 10%.  So the tenant is basically paying the difference on a $2K rental.  

Are these fees going to scare off potential renters or is this the norm?

Thanks!  

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