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Rent or Mortgage. You should expect to spend between 25 to 30 percent of your net income each month on rent or mortgage. Landlords and property managers typically require you to make at least 2.5 to three times the rent to qualify as a tenant.
For continued management we charge a percentage of the rent collected. That percentage will vary with the type of property and the rent amount. It will range from 5% to 8%.For most single family properties the percentage is usually 6%.ost companies charge a fee to rent the property. In some instances it is a flat fee. It is usually 1/2 of the 1st monthâs rent. The same as our fee. If it is lower it is most likely that they have other fees or charge a higher monthly percentage.