There is a joke in the industry that anyone who says "I've been doing it this way for (insert number of years here)!"

In a nutshell it is a cash flow industry with high yield (6% to 11% net pretax) affordable at USD$30K to $70K on average, and most importantly services are transparent.

I've been in the construction industry since i was a teenager and thats a long time ago.

I regularly attend workshops and seminars to stay updated on industry trends and best practices.

I did a ton of research and talked to dozens of people in the insurance industry before reaching a decision.

I'm just an investor in SFR/small MF and the vineyard/wine industry near there.

As a few others have mentioned I think the 15% fee for MTR is the typical industry standard but it can depend on the area

After graduating college with a degree in both marketing and finance I transitioned to the lending side of the real estate industry.

At the time when the chemical industry discovered farmers as a huge market all sorts of herbicides and pesticides (the are banned today) were introduced, stored and disposed of basically into the ground: the farmer did not want to have stuff growing between the barn and the farmhouse anyway, so seemed like a good spot to kick that barrel over.

It is very strange for a PM company to hold rent for that long.The industry standard is for the PM company to pay you on the 10th after rents are received.I do see some PM companies paying on the 15th.Ideally, the PM company can pay by the 10th because most mortgage payments are due by the 15th of the month.You may want to consider giving another look for a PM Company.