In this episode, Darren shares a variety of owner & tenant fees & how to justify them. He also covers some additional insights into fees & mindset. Learn why having the cheapest fees is a losing tactic used by small property managers that usually fail.

You'll Learn...

• Various owner fees & some justifications 1:29
• The two ingredients to getting better fees 9:21
• Outside normal duty fees & what to say when asked to do anything outside of contract 9:46
• Various Tenant fees & some justifications 10:47
• How nominal fee increases can easily double your profit margin 14:53
• How having the cheapest fees is just a recipe for disaster 17:40
• Property Management is a tough job & you are worth it! 18:49
• The Law of the Main Game - Owners generally only focus on your main fee 20:08
• Should you share your tenant fees with the owners? 22:47
• Ensure 12+ months of owner peace of mind & make it surgical process. 25:21

Tweetables:

With fees, if you believe you're worth it and know how to justify it, you will get it.

Raising property management fees is an owner-by-owner surgical process.

Resources:

The Eleven Profit Laws on Fees by Darren Hunter: http://www.darrenhunter.com/articles-and-knowledge-library/boosting-income-and-profitability-articles/the-eleven-profit-laws-on-fees-part-one

http://DarrenHunter.com