Cityplace charges flat fee of $60/m for LTR.

We then subtract our actual expenses, which include management fees, bank fees, appraisal costs, insurance, commissions, marketing costs, taxes, and legal and accounting fees.

Any other fees such as close out fees or payoff demands are paid out on the back end when your loan is refinanced or paid off.

I'll settle for a variation of this and give a little, but I simply pass on PMs who hand me a term sheet with 10+ different types of fees.

When someone wants to send you a referral privately, they are probably sending you a friend that pays them a referral fee.

Broker fee on that loan size is usually 2.5-3 points.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

I am looking to connect with the investors there as the promotors are continuing to take Asset Management fees to the tune of $450K a year (on top of PM fees) even when their payout to the investors is around $20K a quarter (not meeting preferred) and the overall fund is negative about $450K.

Condo fees $800 a month. 

That's not worth 15% of the job.Another thing to consider is that some managers will charge low management fees and then add maintenance fees to bring in more income, while others charge high, all-inclusive management fees.