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All Forum Posts by: Shannon Berry

Shannon Berry has started 2 posts and replied 3 times.

Managing Your Property

Post: Property Management Fees

Shannon BerryPosted
  • Posts 4
  • Votes 4
Quote from @Michael Smythe:

@Shannon Berry seems to be a bit light.

$100 Placement Fee? What SPECIFICALLY does the include? Are they going to put on MLS and what will they offer other agent that brings a tenant? What other websites will they place it on?

Lease Renewal Fee?

Eviction Fee?

Inspection Fee?

 Thank you for your replies.  For those of you who are property managers would I be able to get copy of your agreements so i can view different ones to learn what is average?  

0 Votes
Fort Wayne, Indiana
Managing Your Property

Post: Property Management Fees

Shannon BerryPosted
  • Posts 4
  • Votes 4

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?
 

3 Votes
Fort Wayne, Indiana
Classifieds

Post: Looking for REI friendly agent

Shannon BerryPosted
  • Posts 4
  • Votes 4

Looking for REI friendly agent in Fort Wayne / Auburn / Garrett areas of Indiana. Someone who also has investment properties

1 Vote
Fort Wayne, Indiana