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The property manager works under a management agreement between the property owner and the property management firm. As compensation for his duties, the property manager

The property manager works under a management agreement between the property owner and the property management firm. As compensation for his duties, the property manager will negotiate a management fee. Be prepared to calculate the dollar compensation to the property manager in year 1. Potential Gross Income of the property: $1,250,000 Vacancy and Collection Losses: 15% Miscellaneous Income: $50,000 Management Fee: 6% PLEASE SHOW WORK

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