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Updated 11 months ago,
Is it common for property management companies to charge these fees?
Hi all! Newbie here. I just purchased my first rental property and am in the process of looking for a good PMC to manage it. I spoke to 3 PM companies, 2 of them being RE brokers and property managers. This is my first time using a PMC, so I'd really appreciate some help from all of you. Here are my questions -
1. One charges a one-time onboarding fee and lease renewal fees, while the other two don't. Are those fees common?
2. One is a franchise PM company, and the person I spoke to seems to be very knowledgeable. She went in-depth to talk about maximizing rent and correcting all the safety issues that were mentioned in the inspection report. The other two won't really talk about any of that until I sign the management agreement. Both of them are RE brokers, too.
What do you guys think?
Thank you in advance!