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Question: 1 / 400

What is a "property management fee"?

Tax paid on property sales

Profit earned by property owners

Compensation paid to property managers for overseeing a rental property

A "property management fee" refers specifically to the compensation paid to property managers for overseeing and managing a rental property. This fee is typically a percentage of the rental income generated or a flat rate, depending on the agreement between the property owner and the management company. This compensation covers a wide range of responsibilities, including marketing the property, screening tenants, collecting rents, coordinating maintenance and repairs, and ensuring compliance with local landlord-tenant laws.

The other choices represent different financial concepts and do not relate to the role or function of property managers. For instance, taxes paid on property sales do not pertain to the management of rental properties, while profits earned by property owners are the net gains after expenses, not fees specifically for management services. Additionally, maintenance service fees would be costs associated with physical property upkeep, separate from the broader management services provided by property managers.

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Fee charged for maintenance services

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