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Updated over 7 years ago on .

User Stats

378
Posts
166
Votes
Michael Tempel
  • Property Manager
  • Minneapolis, MN
166
Votes |
378
Posts

Single Family Management Fee Scenerios

Michael Tempel
  • Property Manager
  • Minneapolis, MN
Posted

I have been curious about want owners of single family's prefer in management fees.  Can anyone offer any feedback?

Option 1 - Set monthly fee and a set lease up fee.   In my market I typically see around $75.00 per month as a management fee and 75% to 100% as a lease up fee.   

Option 2 - Higher monthly management fee, but spread out payment of leaseup fee.   

Basically the example formula would be $75.00 + monthly lease fee (100%) \ 12 months.    You pay more, but not all at once.   

Option 3 - Higher monthly fee and. O lease up fee at all.    What would be a fee that makes sense?

Other ideas?    

There are a lot of ways of doing this so I am very curious to learn what is working, what would be great if an it were an option and concerns with tradition structures.