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Property Management Fees
I am wanting to enter the REI world but will not have time or skills to self manage. Looking for a property manager and think I have found one but wanted to make sure his fees are in line with the norm:
9% of all rent collected.
$100 placement fee when securing a new tenant.
10% markup on all vendor contracted maintenance and repairs
Does these numbers sound like they are in the ballpark for Midwest/Indiana?