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Updated almost 4 years ago on . Most recent reply

Noel R.'s profile image
Noel R.'s profile image
Noel R.
  • Rental Property Investor
  • from Petaluma, CA
  • Member since Aug 17, 2015
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151
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Noel R.'s profile image
Noel R.'s profile image
Noel R.
  • Rental Property Investor
  • from Petaluma, CA
  • Member since Aug 17, 2015
Connect
Noel R.
  • Rental Property Investor
  • Petaluma, CA
143
Votes |
151
Posts
General Landlording & Rental Properties

Does 1st months rent for lease up include...

Noel R.
  • Rental Property Investor
  • Petaluma, CA
Posted

It was always my assumption that 1st months rent for lease up was just that 1st months rent. Recently I was charged 1st months rent plus the 10% management fee. So the actual cost was 1st month +10%. Curious if this is industry standard or something that will be market by market. My previous PM only charged 1st months rent in same market. The other possibility is the PM software auto deducted the 10% and PM may reimburse. 

Thank you for the feedback.

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