Upon management takeover, Griswold Real Estate Management will analyze the property to determine the proper management fee; fees typically range from 4% - 10% of the gross rental income, as calculated using cash-basis accounting. Per the terms of the management agreement, we will collect monthly management fees, lease-up fees for placing new tenants and a small stipend for postage. We also offer extremely competitive 7/24/365 roving maintenance labor rates, based on our actual out-of-pocket payroll expense, plus the applicable overhead.
All fees are negotiable at the time of engagement.
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