Property Management
In Michigan, a 'property management fee' is typically calculated as:
AA flat fee per month regardless of occupancy
BA percentage of collected rents (typically 8-12% for residential management in Michigan)✓ Correct
CA fee per square foot of rentable space
DA percentage of the property's assessed value
Explanation
Michigan residential property management fees are typically calculated as a percentage of monthly collected rents (commonly 8-12%), aligning the manager's incentives with maximizing occupancy and rent collection.
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