There are always lots of variables that go into property development. Knowing the roles and responsibilities of these different variables and positions can help you make the best decisions when it comes to your property development. We all want to make the right decisions but how do you know you’re getting the most bang for your buck?
You might think it’s best to outsource and let other people make the decisions while you kick back and collect the check. But when doing this, what are you actually missing out on? Not only is knowledge important but it’s also important to read your agreements and understand them so that there is no confusion with the process of your development.
In this week’s episode we talk about what you should charge for a property development property management fee. We dive into the role of a development manager, the benefits of being the development manager, and what a DMA is. So if you are interested in the benefits of engaging with a property manager or maybe considering becoming one, you won’t want to miss this week’s episode!
Episode Highlights:
- What should I charge for a property development property management fee [03:22]
- What is the role of a development manager [06:39]
- If you are engaging one or you’re going to be one [09:34]
- The benefits of being a property manager or development manager [11:00]
- Where can you find the industry standard [16:13]
- What is the more likely standard [21:02]
- When was the last time those fees changed [25:57]
- You must check what you’re signing [30:00]
- Recap [30:20]
