Average net income for residential properties?
Title says most of it - I would prefer info on the Houston market, but would also field a national average.
Background: I'm looking to start a business that advertises for complexes and am trying to forecast revenues.
Secondary question: Would it be appropriate to ask for a % of total revenue I generate or is a flat fee per lead more the industry standard?
Not sure what you're trying to do.
But PM fees can range from about 4%-10% with a lot of commercial properties coming in at like 4%, so you'll probably be a lot lower than that.
EDIT: Brokers usually charge a percentage of the total value of the lease or sale
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