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All Forum Posts by: Account Closed

Account Closed has started 1 posts and replied 1 times.

Managing Your Property

Post: Property Management Fees in Rochester, NY

Account ClosedPosted
  • Posts 1
  • Votes 0

Hi All - I am considering to invest in Rochester. In the process of analyzing deals, I reached out a property manager for his fees. He gave me the following fee schedule. Is this normal?

Type

Line Item

Fee

Fixed Fee

Collected Rents

10% of All Collected Rents

New Tenant Search & Onboarding

$600

Variable Fees

Business Hour Service Calls

$90/hour + Materials Cost + Tax

After Hour Service Calls

$120/hour + Materials Cost + Tax

3rd Party Coordination
  • HVAC Cleaning & Inspection
  • Gutter Cleaning
  • Spring/Fall Exterior Cleanup
  • Seasonal Mowing & Weed Trimming
  • Seasonal Snow Plowing
  • General Contractor

Negotiated Vendor Cost + 10% Oversight Fee
0 Votes
Upstate New York, New York