Jennifer J. Young
9/2/2019 10:42 AM
For those readers who live in a community with outsourced management -- do you know the basis of the management fee?
I think the rate of the fee is often tied to revenues -- as a percentage. We residents have been informed that the industry norm is 5% of revenues. We are a single-site CCRC.
I'm just curious about what's "out there."
Thanks.