Q. What would it cost me to employ you?

A: “I'm happy to answer this question, but I want you to know that the true cost of investing in real estate is poor management.  Turnover and bad tenants are the result of poor management.  These conditions will destroy your cash flows and any minor savings you might glean from a discounter will be more than exceeded.  That said, only to tell you that we are NOT a discount broker.  We charge a fair price and deliver on our promises.  We charge 8% per month for management.  We only collect this when the property is occupied and when the tenant is paying rent.  We charge one month's rent as a marketing/leasing fee.  By the way, we are averaging under ten days on market right now.  We also charge an annual renewal fee equal to 1/2 of one month's rent.”  Terri Clair, Managing Broker and Principal