Property Management Fee Negotiation as Portfolio Increases

[Keith A.]

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.

[Keith A.]

@Nathan Gesner, thanks for the input.  I agree that you have to compare apples to apples and I do have a good relationship with them and even have a direct line to the owners which also are investors.  So I do put put a value on that and the quick turnaround time I receive among other things.  Thanks again for the response.