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Updated over 4 years ago,
Prop Mgr Charges % of maintenance
Hi All,
I started investing in a new market and got a referral to a property manager. Their agreement is 8% of rent and half a months rent fee to find a new tenant, but they also charge a percent of any maintenance that is done on the property. This doesn't seem standard to me but I'm new so could be wrong. Is this a typical fee that prop mgrs charge? Seems like this would give them incentive to not get things done cheaply.
Thank you all in advance