b'generatedonsaleoftheproperty.Distributablecashishowwealthis generated.Theassetmanagementteamtypicallyearns20-50%oftheprofits generatedbytheproperty.Forcommercialproperties,assetmanagers generally earn 20-30% of the profits. For labor-intensive single-family fix-and-flip properties, asset managers may earn as much as 40-50% of the profits.Asset Management Fees Additionally, the asset manager earns fees for certain aspects of the syndicate. Fees may include acquisition fees based on the purchase price, asset management fees based on gross collected income, loan guarantor fees for those who sign on loans, refinance fees for obtaining a refinance loan, and disposition fees for working with the buyer to sell the property.Fees are an expense of the syndicate and may be collected by the asset manager on when earned, or a monthly, quarterly or annual basis. In the event sufficient cash is not available to pay fees when earned, collection may be deferred, or even waived, by the asset manager. Fees are not the bulk ofanassetmanagersearnings;theyaredesignedtokeeptheasset managementteamfromstarving,orhavingtoobtainothersourcesof income until the property begins to cash flow and profit distributions can be made.The type of fees an asset manager may earn are: 1.Acquisition fee1% to 5% of the purchase price. The purpose of this fee is to compensate the asset manager for their efforts in finding and 16'