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Updated over 4 years ago,
Usual property management / maintenance charges
hello,
I am working with a property manager for a property I may possibly buy in Austin (Still researching). Below are the rough charges.
1) 70% of the first month rent for every new tenant.
2) 7% of each month rent after after first month 70% charges.
3) 10% of the maintenance cost will be have to be paid as a maintenance service fees.
I am little worried about number 3 above. Any feedback? Doesn't usually number 1 + 2 covers "maintaining" the property too?
Thank you.