Property Managment contract question

[Matthew Rinaldo]

I am about ready to rent out my first LTR. I feel more comfortable with a property manager for the first one at least. The cost doesn’t seem that bad and won’t hurt cash flow that much. In the contract they state that basically I have to keep them as a manager for the full term of the one year lease. If I choose to not use them in that year I have to pay $500 fee plus remainder of the management fees. Is this standard practice?