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Updated over 10 years ago, 04/27/2014
Need OKC Property Management recommendation
My property manager retired and sold my account to Leria Group. Leria Group, while bigger, has been only a marginal property manager. Several months after the fact they send us a contract with a 12% rate and $50/month vacancy rate.
12% is ridiculous. I have an SFR in Norman, OK that always rents and the families pay on time. I've never heard of getting charged $50/month for an empty house. That's like rewarding failure.
I read another thread where I see that 7-10% is still the norm and 12% is for labor intensive properties.
Any help or recommendations would be greatly appreciated.