What is a fair percentage to pay a property management company?
I have a rental property, and the company that I am in discussion with is asking for 10% of rents, plus first month's rent as their cut. Is this a fair amount? by Kelly.Schultz717795 from Claremont, California. Jul 13th 2015
Matthew De Weese (Pacific1Lending)
#823 ranked lender in California - 55 contributions
3 to 6 percent. depending on your involvement.
William J Acres (William_Acres)
#74 ranked lender in Arizona - 8,728 contributions
It's really going to depend on the area, and how much your bringing in for rent.. for lower rent amounts, expect a higher percentage.. and for larger rents, a lower percentage.. Typically in AZ,, it's very common for 10% plus 1st month. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com
Douglas Bullwinkel (doug@LenderSolutions.com)
#194 ranked lender in California - 10 contributions
It varies depending on what area you are in. The Bay Area is higher and those fees might be on the high end. In the Sacramento area the average is 60% of one months rent for finding the tenant and about 5% to 6% of the monthly rent for management.
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