My partner and I recently opened a management company. We currently manage a little over 500 residential units and we are looking to acquire additional properties as well as adding an in-house leasing department. The average management fee in our area is 4.5% gross and we pay 100% off of first month's rent to outside leasing agents.
Management: •we emailed owners information about our services in the surrounding neighborhoods, noting our experience(15 years) and competitive rates
Leasing Agents: •agents have their own desk/computer/phone •we have posted on all job sites and Craigslist •we offer 50% first month's rent from our in-house listings, 40% outside listings and 35% off of premium leads(apartments.com, domu, etc)
Advice, ideas and room for improvement are greatly appreciated!
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