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Property Management Fee: 8% of monthly rent collected. Leasing Fee: 65% of first months rent.
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.
This code governs all real estate activities in the state and requires that anyone performing such activities hold an Oklahoma real estate license. Oklahoma, like most states, requires property managers or a property management company to have an active real estate license.
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