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Updated almost 8 years ago,
Property Management fee on Unoccupied?
I have two properties that are currently vacant. My property manager is still charging me the PM fee, which was a surprise. 10% of zero rent is zero. The management agreement does say 10% or rent or $75 whichever is greater, but I think it's unreasonable. They are already getting first month's rent for filling the tenant, why should I be paying them for not doing their job getting it tenanted?
Am I overreacting -- is this typical?