Property Management Contract

[Chad Swinford]

For the first time in 13 years, I am entering into a property management contract as I begin to hand over the management of some properties.  I am looking forward to not dealing with the day to day, but I want to make sure the contract is good for me.

Here are the points that I am unsure of. 

The company's contract is stating that I pay them $50 to serve an eviction notice, $350 for court costs for filing and tracking the eviction, and then they get the first AND LAST $175 of a judgment.

They want half of any late fees.

The costs of eviction are the most concerning.  I am paying this company to screen and select the best tenants for the properties.  For them to charge me for their poor choice seems like double dipping.

Thanks so much for your wisdom here.