If the property manager is to receive 5% of the gross income, should that included property tax reimbursements from tenants, insurance refunds, repair reimbursements, utility refunds, interest income, etc.? The agreement states "5% of the monthly gross income."
Want to Find a Local Property Manager?
Writing about personal finance and investments since 1999, Jason Van Steenwyk started as a reporter with Mutual Funds Magazine and served as editor of Investors’ Digest. He now publishes feature articles in many publications including Annuity Selling Guide, Bankrate.com, and more.