Renting & managementAll terms starting with P
Property management fee
What a manager charges to operate a rental, commonly a percentage of collected rent plus defined additional fees.
The headline percentage is rarely the whole cost. Leasing or placement fees, renewal fees, maintenance coordination markups, and vacancy handling all belong in the comparison.
Compare on total annual cost against the service actually delivered, and read how the agreement is terminated.
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Related terms
- Operating expensesThe recurring costs of running a property: taxes, insurance, management, maintenance, and owner-paid utilities.
- Cash flowWhat remains each month after rent has covered operating expenses and debt service.
- Rent rollA schedule of every unit with its tenant, rent, lease dates, and deposit, the income snapshot of a property.
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