Management Fees Charged

[Wesly Aldrich]

Looking to hire a property management company and these are the fees they are proposing below.  What do you think about the new tenant placement fees?

Management Fee (paid monthly):8% of collected rent; minimum fee of $60/unit

New Tenant Placement Fee (as a percentage of one months rent, paid after first month):

12 Month Lease - 60%, minimum of $450

24 Month Lease - 80%, minimum of $600

36 Month Lease - 100%, minimum of $750