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YES. Property management is expressly considered a real estate activity under existing Utah real estate licensing laws, and requires a brokers license.
Full management fees: Full property management fees will typically cost landlords around 10-15% of the monthly rent collected. This can be higher in London. For longer tenancy contracts where youre getting guaranteed rent for longer, it could be worth seeing if your lettings agent will come down on the price.
A monthly general management fee typically falls between 8% and 10% of the monthly rent for a single-family homeflat rates are rare for the monthly fee.
Most property management companies charge a monthly fee of between 8% 12% of the monthly rent collected. If the rent on your home is $1,200 per month the property management fee would be $120 based on an average fee of 10%.
In most cases, the letting agent will charge the landlord a flat fee or a percentage of the rent and for a fully managed service, they will usually charge between 10-15% of the rent, which they will take in monthly payments.
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Management Fee Rates can range from 8% to 12% of each months collected rent for full service management. Sample Calculation: If the property is a single-family home rented under a lease to a tenant paying $1,000 per month, the Management Fee owed to PPM would be $90.00.

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