Consumption and Real Estate
I need a contract between a realestate office and myself to do Property management. A Partnership contract?
Question : I need a contract between a realestate office and myself to do Property management. A Partnership contract?
What percentage should the realestate office get and should I charge for my time working on any property. I need help puting a contract together to start my property mamagement division of this new realestate office and I know very little about property managment.
property management contract
Best answer:
Answer by MLaw
>> I need help puting a contract together to start my property mamagement division <<
That's why God invented lawyers.
It is a low profit center and a big headache. I refuse to do property management on residential properties.
We charge, from our main office the first months rent as a set-up fee, and 10% thereafter monthly. For our repairmen the rate is $ 45.00 per hour, the clock starts when they leave the building until they return.
You need to know what your market will bear, and charge according to your cost to do business and make a reasonable profit. However at your experience level you can expect that the real deals will go to the experienced property management firms.