What do you think of this management fee structure?

[Dan Cumberland]

Hi everyone!

I'm shopping around for a property manager for my first managed property.  I really like everything about this company except the fee structure.  I'd like your input:

They charge 9.9%.  Thier leasing fee is 75% of one month’s rent.  The renewal fee is $149.  They keep 50% of late fees.

I'm buying a duplex that will rent for $400 and $700.

I'm fine with the 9.9%.   The late fees are fine too.  It's the leasing fee and renewal that seem high in proportion to my rents.

Any thoughts?

Thanks in advance!