Recommendation for property manager in St. Petersburg Florida

[Jason Ferguson]

Hey guys,

I'm looking for recommendations for a property managers in/near St. Petersburg Florida.  What is the current standard for management fees -- thought it was 10%.  Got a fee schedule from one manager that is 12% + $150 activation fee + 1st Month's rent + 50%  of 1st month's rent for lease renewal fee every year + $75 monthly vacancy fee between tenants + $300 Reserve account for maintenance.  Too much or is this what I should expect?  I'm new to this.  Thanks in advance for your input and recommendations.

[Benjamin Pekarek]

Jason, 

The benchmark in Pinellas/Hillsborough, etc. is right around 10% per anti-trust laws, there is not, nor will there ever be a "standard".

Our fees are a $250 advertising fee to procure a tenant, a $100 document fee to sign a lease, and 10% of what we collect with a $75/mo. minimum (i.e. if you have a $500/mo. property, it's flat $75 when we collect. No fees are charged if we don't collect.

Before you select management, always, always, ALWAYS interview three companies. 

Best of luck, and if we can be of service, don't hesitate to reach out.

-Ben