Management Fee

What is a management fee? 

In the context of real estate, a management fee is a charge paid to a property management company or individual agent for overseeing and handling various tasks related to a property on behalf of the owner. 

What specific things does the management cover? 

This fee typically covers services completed by the property manager including: Finding and screening tenants Collecting rent Managing maintenance and repairs Handling lease agreements Providing financial reporting 

How is the management fee calculated? 

A management fee is usually a percentage of the rental income collected or a fixed monthly amount, agreed upon in a management agreement between the property owner and the management entity.