If you are looking for a property management service, the first thing that you need to do is to understand the two different types of service that you can get. Both works perfectly when it comes to providing you a real passive income, but they have a great difference, which can affect the amount of money that you can generate from your property.
Today, we will be discussing some of the differences between a fixed-price and a commission-based property management service. Reading this article will help you understand which of them will work best for the properties that you have.
There are a lot of people who think that a fixed-price property management is much better than a commission-based service because they only need to pay a particular amount every month. This means that regardless of how much they make, they only need to pay the company the amount that they have agreed upon.
Though it seems like good deal, there are times when you won't be able to generate a lot of money from your property. With that being said, you can expect that there are rare cases wherein a person pays more than what he generates from his property.
If you are going to get a fixed-price property management service, there are times when you will be able to exceed the expected income, since you will only be spending a fixed amount per month.