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Property Manager Costs
Cost Items
Cost Items
DB PM Cost Items
Name
Row Number
Description
1
Gross Rent Fee
1
PM’s share of the gross rental income.
2
Lease Up Fee
2
Charged when a new tenant has signed a lease.
3
Advertising Vacancy Fees
3
Charged to advertise a new unit for rent.
4
Maintenance Markup
4
Extra charge on any maintenance done on the property. Some PMs allow you to find your own vendors for work items if you don’t like their workmanship or rates.
PM rates are often negotiated down. They will tell you that they get this service 30% discounted and charge you 15%.
5
Lease Renewal
5
Fee when tenants renew their lease.
6
Management Fee/door/year
6
Yearly fee regardless of occupancy.
7
Late Fee Split
7
The portion of the late fee that goes to the PM.
8
Per-Visit Fee (Dollars)
8
Charge for every visit. Some PMs only charge for the extraneous visits outside of normal PM activity like leasing and yearly checkups.
There are no rows in this table
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