Well said.
in effect the PM will get to double dip. They will put up their fee (%) to compensate this fee removal effectively recovering the fee from current rent. The LL will put up the rent to recover the fee - of which the PM will get a cut. The LL is unaffected at best, the PM will be better off. The tenant... we’ll ones that move regularly could be better off but long term stable tenants will pay more.
in effect the PM will get to double dip. They will put up their fee (%) to compensate this fee removal effectively recovering the fee from current rent. The LL will put up the rent to recover the fee - of which the PM will get a cut. The LL is unaffected at best, the PM will be better off. The tenant... we’ll ones that move regularly could be better off but long term stable tenants will pay more.
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