Comments on: What is the average real estate commission on rentals? http://www.tonymassey.com/what-is-the-average-real-estate-commission-on-rentals Mon, 12 May 2008 04:44:16 +0000 http://wordpress.org/?v=2.3.2 By: Don Loyd http://www.tonymassey.com/what-is-the-average-real-estate-commission-on-rentals#comment-623 Don Loyd Sun, 30 Mar 2008 14:30:15 +0000 http://www.tonymassey.com/what-is-the-average-real-estate-commission-on-rentals#comment-623 For clarification, real estate fees charged by a property management company may well vary in different locations. The fees are normally agreed to by the owner and the property manager in contract form. Some companies may charge the first month’s rent and then 6 to 10 percent of the gross rent – or some variation. All real estate fees are negotiable. As a real estate investor (and broker) I look at the services provided by the rental company and the costs related with those services, and the reputation of the firm before I choose a property manager. Also, whenever a buyer or tenant hires a real estate agent/broker for representation, there should be a signed agreement between the two defining how much is to be paid, under what conditions, and how long the agent/broker has to accomplish her task. Don Loyd, Author “Creating Wealth for Women” www.CreatingWealthForWomen.net For clarification, real estate fees charged by a property management company may well vary in different locations. The fees are normally agreed to by the owner and the property manager in contract form. Some companies may charge the first month’s rent and then 6 to 10 percent of the gross rent – or some variation. All real estate fees are negotiable.

As a real estate investor (and broker) I look at the services provided by the rental company and the costs related with those services, and the reputation of the firm before I choose a property manager.

Also, whenever a buyer or tenant hires a real estate agent/broker for representation, there should be a signed agreement between the two defining how much is to be paid, under what conditions, and how long the agent/broker has to accomplish her task.

Don Loyd, Author
“Creating Wealth for Women”
http://www.CreatingWealthForWomen.net

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