Yes. Similar to the general practice in the real estate market, we usually take 10% of the rent as the management fee once the property is rented. The management fee will cover the cost of marketing the rentals of the properties, collecting rent, handling maintenance and repair issues, responding to tenant requests, and pursuing evictions, etc.
For some properties, the managing member may wave the management fees for a certain time period. Check the offering page for more details.
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