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Updated almost 6 years ago,

User Stats

135
Posts
4
Votes
Keith A.
  • Real Estate Investor
  • Ft. Lauderdale, FL
4
Votes |
135
Posts

Property Management Fee Negotiation as Portfolio Increases

Keith A.
  • Real Estate Investor
  • Ft. Lauderdale, FL
Posted

I have been using the same property management company now for about 4 years and have an 8% management fee on rents and there is also a lease renewal fee of 50% of one months rent.  The lease renewal fee after researching some seems excessive.  I am close to 30 units that consist of SFHs and small 2-4 unit MFHs.  I wanted to get some advice on the rate and this renewal fee based on an increasing portfolio size.  I have no complaints other than wanting to pay fair rates based on the portfolio size.  Any input is appreciated.

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