So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

Let me demonstrate why you should not rely on this approach.Suppose you want to compare two properties.Property A:Rent: $1,800/MoPrice: $300,000Taxes: $2,000/YrInsurance: $1,500/YrAssoc Fee: $250/MoProperty B:Rent: $1,600/MoPrice: $300,000Taxes: $800/YrInsurance: $600/YrAssoc Fee: $35/MoCalculating the rent price ratio for both propertiesProperty A: $1,800 x 12 / $300,000 = 7.2%Property B: $1,600 x 12 / $300,000 = 6.4%So, Property A is the better property!

Loan amount is 283,500 for the two properties, origination fees are around $4,300. 

The city is very open to this setup, with a clear permit process: $500 initially, plus a $100 inspection fee.

The fees are high, and the rate might be a little high.

It was obvious he valued the upfront fee more than the potential of a real partnership where we could collectively earn substantial profits (hundreds of thousands of dollars vs 10k) in a matter of weeks.

You probably also have an opportunity to trim some fat on your PM fees if you still want to outsource the management because that's heavy.

It helps me to feel more confident in allowing the termination and waiving the fee.

I am not sure what the pushback is other than not wanting to pay attorney fees.  

Also hearing better than market results from those who are self managing as consumers continue to buck excessive fees by seeking to book direct.