Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
General Landlording & Rental Properties
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 15 years ago,

Account Closed
  • Full-Time Investor
  • Charlotte, NC
1,562
Votes |
2,280
Posts

Property Management Fees

Account Closed
  • Full-Time Investor
  • Charlotte, NC
Posted

What do you guys think about this proposal from a property manager?? She is the wife of my handyman, and they are good people. She works for the next city over in their Housing Authority Program, and does property management for investors as well. Subject property is 4 units that rent for 450 each. I do not like her charging on the hour to show units, as that gives her no incentive to actually lease a unit. Also think advertising should come from her budget. Wanted to get other opinions..thanks.

Proposal to Manage Property:

Initial duties:

Placement of advertising in Gaston Gazette: (owner cost with receipt)

Charge of $10.00 per hour for showing of units...etc-(with detailed time log)

Rental application $25.00 (charge to applicant) includes...criminal background check, credit check, sex offender, landlord verifications

Once units are 100% occupied...Collection of rent by Manager 5% collection fee.

If rents are collected by owner, Manager Fee would be at $10.00 per hour for any additional management duties...ie...summary ejectments, writ of possession, notice to pay rent or quit, consultation on Tenant Landlord Laws, collection of late rents would be at 5% fee. Court cost are to be paid by owner unless tenant remains and they would pay the cost. Court fees are $85.00 summary ejectments, $40.00 for writs prices are set by the Clerk of Superior Court.

This proposal is negotiable.

Loading replies...