Hi Robert,Id love to connect and better understand what markets you may be interested in. my partner and I are based predominantly out of Worcester. we frequently partner with other investors and we also constantly have deals come across our desks that we don't have use for.

I would charge them the full cost of repair.If they refuse to pay, I would consider two options:1.

I would bill the tenant for any charges incurred due to the lease agreement violation.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

Do you frequently require subcontract and vendor engagement (lawn care, snow removal, building maintenance, management company etc.) and if so, do you sign contracts and require that you are listed  as additional insured on their insurance policies? 

@Greg ScottYou can get the upgraded version that includes a microphone with it engraved with “guru” for the extra $25k they charge to teach you how the lost it all

The money isn't legally yours until it's earned, which is every month when rent is charged.

The rate would have to be 15+ and they will need to charge you 4 points just to make $1,600.It's just not worth their time.

But it does feel weird having a “stranger” you’ve never met in charge of several hundred thousands of your money. 

Some people charge up to 4%. 3% is very common.