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Updated almost 5 years ago,
Property manager fees for tenant placement
Newer out of state investor here: After interviewing a property manager for an area I want to invest, they charge 1/2 of the first months rent for tenant placement. Additionally, they charge the tenant for the application fee $99 and they charge 10% of rent for management. Are these numbers consistant with what other investors pay? Most of the numbers make sense but the 1/2 of first month caught me off guard...