I know that the answer could vary depending on the situation but you any of you have any experience dealing with property managers?  I have a feeling that my mother is dealing with someone that is trying to take her to the cleaners but I don't know what a reasonable rate would be.  Lets say that it is a single family home and the going rent in that area is $5-6K.  Any help would be appreciated.

Thanks!

10-12% of the monthly rate is what I always charged.

Plus a leasing fee when a new tenant moves in, usually 50% of a month's rent.  Also, renewal fees when a tenant renews a lease, usually like 10-20%

Thank you.  Any others?

She's paying 5-6k a month in rent?  That must be one heck of a home.

Not sure about the renewal rates and stuff, but I my uncle rents out his former house and their rate is 10% per month.

I guess I have a different idea as to what property managment is.  I have a friend who does it for several clients in Southampton and she gets $75.00/hr she works for them...

She's paying 5-6k a month in rent? That must be one heck of a home.

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Yeah! Does that rate come with a wait staff or what?

I guess I have a different idea as to what property managment is. I have a friend who does it for several clients in Southampton and she gets $75.00/hr she works for them...

Well you have a couple different types of property management.

What I was talking about, with the percentages, is this:  You own an investment property that you would like rented, but don't really know how to do it.  So I do it for you, and a bunch of other people, and I take a percentage of the monthly rent.

Another type would be like a big company, that owns a lot of properties (could be houses, apartment complexes, hotels, strip malls, etc...).  So this company needs property managers to manage it's assets, so they hire their own people, rather than an outside company.  So in that case, the property manager would be a salaried employee within the company.

Did I just confuse you more?

She's paying 5-6k a month in rent? That must be one heck of a home.

She is not paying that, she is one of the owners. It was my Grandparent's house. It is a great house in an amazing location. Here is the view from the back yard. These pics of SFO were taking from the back patio. You can see the entire south half of San Francisco bay from Candlestick Park to the left, Oakland across the bay, and as far as the eye can see to the right.

A rainy night when they were landing on 19

A clear night when they were departing on 1.

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Yeah! Does that rate come with a wait staff or what?

That's just the going rate in that neighborhood.  

Thanks for all the replies, 10% is what I was thinking was a reasonable rate.