Turn over cost when your tenants leave (check leases), marketing cost to add to the placement and monthly fees from PM, and utilities if those are provided by the landlord.What's your exit strategy?

@Gisell Garcia I've used apartments.com, which is currently free and ERentpayment.com, which charges $3/house or $10 flat fee.

I currently only have 1 duplex, however I want to set this up right so it will work for any size portfolio.Currently I haveHome folder>multi family/single family/legal documentsInside the multi family I have Name of property-> general property maintenance/first floor/second floor Inside of first floor (the one currently rented)I have, pictures (before and will have after) / lease documents / a spreadsheet with each month, what day rent was paid, if it was late, if late was fee paid?

What's a reasonable fee?

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?

An advisor, not affiliated with any investment house, who works on a flat fee basis would be a step in the right direction. 

Or you can keep making mistakes that cost you THOUSANDS of dollars to save a hundred a month in PMC fees.

Check fees, as agencies usually charge a percentage of what they recover.Thank you! 

- Suggest you speak with one about their fees, but also about their thoughts on the market.- Do NOT speak to a PMC that can't PROVE they also manage STRs.

I guess the purpose for this is to help fund community improvements and maintenance though it's a bit unusual since HOA fees and property taxes typically cover these.