Property Management Fees

[Robert T.]

Hi, 

I just bought my first rental property  last month.  I live in NY and my property is in FL so the property will be run by a property manager.  

I just received the property management agreement and the cost of property management is a little higher then I expected.  Could somebody  please tell me if the fees of this deal are reasonable.

Property location: Ocala FL

Expected Rent rate: $900

Fee for managing tenant relations: %10 of gross lease value

Fee for managing  property: $100 per month.

First  months rent goes to property manager.  Also, 1st month rent of renewal's goes to property manager.

So then this would mean $190 every month goes to my property manager for a property that rents for $900.  Is it normally that high for Ocala FL?  

Thanks