Why does the leasing fee matter so much?
A placement fee is based on a full month's rent, so frequent turnover can outweigh a small difference in the monthly management percentage.
A monthly percentage is only one part of a management agreement. Leasing fees, renewal charges, and maintenance markups can change what an owner pays over a full tenancy, so this calculator compares the costs over one, three, and five years.
Estimates assume full occupancy and on-time rent; actual costs vary. A new leasing fee is modeled in year one and whenever the selected lease-length interval rolls over. Renewal fees apply in years without a new placement.
A placement fee is based on a full month's rent, so frequent turnover can outweigh a small difference in the monthly management percentage.
A markup increases every covered vendor invoice. The difference grows as a property ages or requires more repairs.
No. Compare the complete fee schedule over several years, including leasing, renewals, maintenance, inspections, and other recurring charges.
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