10% maintenance fee

[Damian Baynes]

Hey everyone,

Just a quick question.  I'm looking at a few prop mgmt companies and I'm noticing a few of them charge a 10% maintenance fee to oversee work that needs to be done on the property. I.E. A roof repair comes out to $1000, the prop mgmt company adds 10% on top of that as their fee for coordinating/overseeing the repair. Does that sound customary? I'm spoiled because I had a property in another state and they didn't charge a few on top of repairs, so this is new to me.