The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Doughboy who wrote (23379)	8/18/2004 12:52:22 PM
From: Tradelite	Read Replies (2) of 306849

<<collect 15%-25% of rent for their non-efforts>> That's a pretty high fee compared with the traditional fees I'm familiar with. Not that I'm a rental or property management expert, but the traditional fee has been around 8 percent of monthly rent, and might get up to 10-15 percent if the management firm takes responsibility for making the owner's mortgage payments. (This is the system I'm familiar with in a town where many owners are out of the country for extended times and do need management firms to take care of everything, including mortgage payments.)

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