Management Companies

[John W.]

I have one rental and a second that is to be on the market very soon. i plan on managing them up until i feel the work load is more than my time is worth, but i do have a question for yall.
from my understanding a "typical" contract with a management company would be 10% of monthly renth and 50% the month when they have to get a new tenant. besides negotiating the rate, have yall ever heard of them charging 10% of mothly rent, but you as the owner get new tenants. in this case you would not pay 50% of rent when you get a new tenant.
this would not be to cut cost so much, but maybe the owner wants to control who is in the house, but not manage the other stuff throughout the year.
thanks for any input.