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MyRealtorLaurenTampa

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Premier Agent

6 Recent Sales (last 12 months)

Broker Associate/Manager (5 years experience)

Specialties:
Buyer's Agent,
Listing Agent,
Relocation,
Consulting

Advice

  • (3 Contributions,
  • 0 Best Answers,
  • 0 Helpful)

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What is the average percentage of rent that a real estate agent/property manager collects?

Answer

In the Tampa Bay area market, 8-10% is pretty standard but the final negotiated amount depends on the level of service that the property manager is going to deliver to the homeowner. I know that that percentage may seem high but, as real estate professionals, it is our job to make sure that many things come together at once. It is also our responsibility to find a solid tenant, collect rents in a timely manner, maintain the property to the owners' standards while following state and local laws, begin eviction precedings if needed, etc. The landlord/tenant laws in many states leave little to no room for mistakes. If an owner "messes up", the penalties can be quite high monetarily. RE professionals understand all the ins and outs of these laws and make things go smoothly.

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