Standard Managment Contract

[Luc M.]

I am going under contract on my first rental property - a SFR in central Florida. My partner and I got a reference for this managment company and they sent over their contract for us to sign. I was wondering if anyone here can tell me if these general terms are standard/good/bad:

Fee of 10% of gross revenue (seems standard);
Fee of 50% of one month's rent for leasing (seems good);
$25 per month fee for a vacant unit if vacant for more than 30 days (??);
For lease renewals, a fee of 30% of first month rent due;
For lost of discounted rent, 50% of late fee received from tenants'
100% of all NSF and or returned checks (paid by tenant);
$100 eviction notice fee;
If lease cancelled within 6 months; mgr gets 50% of one months rent;
Other minor fees (such as having a photo CD of the property, web based accounting fee, etc) all less than $25 per pop

And does anyone have any good references for management companies in the greater Central Florida area?

Thanks!

[J Scott]

I wouldn't work with any property manager who charges for a vacant unit or for a tenant that leaves early -- these are indicative of the manager not doing a good job, and I don't reward people (or give them an incentive) for not doing a good job.