Prop Manager fee

[Julie Groth]

I know that it is common to have PM charge a % of rents. However, I don't quite get that logic. If I have a duplex with $3500 per month rent in high end 'hood and one at $2000 per month someplace else...well, what's the difference to the manager. In some ways, the higher end property is easier to manage.

Do you all pay your property managers a flat fee? Pros and cons?

Thanks!