Quote:
Originally Posted by SXMGirl
I am considering renting a home that I have inherited. What is the percent of rent that a property manager usually receives? I live over 400 miles from this house, and the reason that I don't want to sell is that I would virtually make no profit after paying a realtor. Any suggestions would be appreciated. Thanks.
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Most property managers charge 10% of the rent. Some will negotiate a flat fee instead. In addition, some will charge a set-up fee, a leasing fee (approximately a month's rent) and a cleaning fee (about $150-250).
Property managers are helpful, if you can find a good one. If you go this route, I would advise finding one that does this as a business, not a realtor who does it on the side. And I would check references and ask to see some of the properties they manage. I have had good and bad luck with property managers, but if you live 400 miles away, having one will make your life much easier. Good luck!
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