No rent no fee. He is not paid for the vacant property.Plus, I push him very hard on the marketing of the vacanct house. Besides, I will subtract some amount from his total monthly fee if I rent the property out myself. He knows I am very good on rental of the property. So he has to do it fast to beat me. Plus, I emphasis many times that his year end bonus is closely related with the total rent collected in the whole year, the total expenses and the vacancy rate, which is why I made the deal of low % and high year end bonus.
No, the tenants don't pay to PM. They pay directly to me.
