The Trainer — September 2015
Requesting Add-On Management Fees
In this month’s feature, we discussed how to apply for and get approval from your local HUD office for add-on management fees. Add-ons are additions to management fees, designed to give incentives and compensation to managing agents who can show that site conditions make management of a property more demanding than normal. Add-ons are intended only to compensate agents who are dealing with long-term site conditions. And they’re in addition to the percentage-based, standard management fees an owner pays an agent.