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This is just daylight robbery. In this example, the % management fee appears to be just to collect the rent, then they are charging extra to do the actual management of the property. I think management of a property should be an all inclusive fee. If the PM puts a poor tenant in place and...

I don't think anyone is arguing over paying whatever the agreed price is, once the agreement has been signed. However I would look carefully at the agreement and discuss anything that I found disagreeable before putting pen to paper.

It could also be a bi-product of the PM's in the area(s). I used to have properties in one particular area where ALL the Agents had the same unreasonable costs as each other AND none of them would negotiate them. In situations like this you really don't have an option. My main two PM's have...

OK, a new lease with new tenants, yes. But not to re-sign existing tenants. A new lease takes time and effort, especially if they have to do multiple inspections with prospective tenants, whereas they have nothing more to do for an existing tenant. Personally I don't really care that much...

I pay 1 week letting fee to all my PMs. The percentage I pay for management is variable, depending on the PM, ranging from 5.5% to 7.7%. This includes everything. I don't pay extra for inspections. I don't pay an advertisement fee. I don't pay a re-letting fee for existing tenants (this is...