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Updated 4 days ago, 12/17/2024

User Stats

8
Posts
1
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Robert Pierce
  • New to Real Estate
  • Orlando, FL
1
Votes |
8
Posts

Orlando PM Fee's

Robert Pierce
  • New to Real Estate
  • Orlando, FL
Posted

Purchasing a new primary and turning my current house into a rental and looking to hire a PM but some of the fee's seem high. 

1 quote - 100% 1st/month rent if i self-manager, or 75% 1st/mo rent and 10%/mo for PM to manage.

Again, im new to this but from reading and talking to people there is a typical finders fee ~1000$ and 10%/mo rent if the PM manages. 

Also, any PM recommendations in Orlando would be great.

User Stats

4,872
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3,804
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Nicholas L.
Pro Member
#2 Creative Real Estate Financing Contributor
  • Flipper/Rehabber
  • Pittsburgh
3,804
Votes |
4,872
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Nicholas L.
Pro Member
#2 Creative Real Estate Financing Contributor
  • Flipper/Rehabber
  • Pittsburgh
Replied

@Robert Pierce

that's pretty standard

  • Nicholas L.
  • User Stats

    1,684
    Posts
    983
    Votes
    Adam Bartomeo
    Property Manager
    Pro Member
    #1 Managing Your Property Contributor
    • Real Estate Broker
    • Cape Coral, FL
    983
    Votes |
    1,684
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    Adam Bartomeo
    Property Manager
    Pro Member
    #1 Managing Your Property Contributor
    • Real Estate Broker
    • Cape Coral, FL
    Replied

    Yes, they are within a "normal" range. For just one unit, we charge 100% of 1st month for self-managers and 50% + 10% for us to manage.

    business profile image
    Bartomeo Property Management
    4.7 stars
    92 Reviews
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    User Stats

    92
    Posts
    17
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    Replied

    hmmm, not sure about this

    User Stats

    1,056
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    842
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    Shawn McCormick
    Pro Member
    • Realtor
    • Orlando, FL
    842
    Votes |
    1,056
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    Shawn McCormick
    Pro Member
    • Realtor
    • Orlando, FL
    Replied

    @Robert Pierce That sounds quite typical. I can refer a couple of great PM's in Orlando if you want to get another opinion or two. 

  • Shawn McCormick
  • User Stats

    8
    Posts
    1
    Votes
    Robert Pierce
    • New to Real Estate
    • Orlando, FL
    1
    Votes |
    8
    Posts
    Robert Pierce
    • New to Real Estate
    • Orlando, FL
    Replied

    @Shawn McCormick - PM Sent

    User Stats

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    Nathan Gesner
    Property Manager
    Agent
    Pro Member
    • Real Estate Broker
    • Cody, WY
    40,513
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    27,561
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    Nathan Gesner
    Property Manager
    Agent
    Pro Member
    • Real Estate Broker
    • Cody, WY
    ModeratorReplied

    That sounds pretty normal for the area.

    • Nathan Gesner
    business profile image
    The DIY Landlord
    4.7 stars
    154 Reviews

    User Stats

    4
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    0
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    Jr Miller
    Property Manager
    • Orlando, FL
    0
    Votes |
    4
    Posts
    Jr Miller
    Property Manager
    • Orlando, FL
    Replied

    Hi Robert

    Only $595. lease fee here and 10% mgmt. Indeed, where we pay a REALTOR commission, we are initially under water, but look at the long- term probability the rental will remain in the system. Also running a new owner incentive in January for 1st quarter '25.

    Check our Google reviews and contact me.

    business profile image
    REAL PROPERTY MANAGEMENT SUNSTATE
    4.6 stars
    108 Reviews