prop management fees ...normal?

[George Leverett]

Hi all! I'm a newbie investor getting ready to close escrow on my first house and am shopping for a property manager (Indiana). I've communicated with one company so far and the fees are 8%/month, but also 75% of the 1st months rent.  Is that 2nd part a normal fee?  I have no experience to draw on so of course I'm way overthinking it, and would love to hear other perspectives.   Thanks for sharing

[Scott M.]

Yes.  100% normal.  Typically ranges from 8 -12% monthly rent and 1 month lease fee but it does vary per region.