What is the typical cost and who pays the fees?

If you move out early, the landlord can charge a fee even if you find an acceptable replacement tenant.

Owners mistakenly ASSUME all PMCs offer the exact SAME SERVICES and PERFORM those services EXACTLY THE SAME WAY, so price is the only differentiator.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?

You may pay your servicer a small fee for title search and property valuation (some do full appraisals which can be $450-$600). 

Maybe ill have better luck trying to ask specifics with the group.On my sheet total project cost is calculated by adding Closing costs + Repairs + Holding Costs + Loan amount + Hard money fees.

Hi Nadia, here's a few things to consider:Credit Score: Set a minimum, like 600-650.Income: Require 3x the rent in monthly income.Employment: Verify stable employment.Rental History: Check for positive rental references.Background Check: Make sure they don't have any criminal history.Security Deposit: Typically 1-2 months' rent.Pet Policy: Decide if you'll allow pets and set fees if needed.

A tenant who fails to maintain a rental property could end up costing you more in property damage and court fees than the amount of rent they're paying you upfront. 

As an investor/agent, am I legally able to pay a bird dog a flat fee or a percentage out of my profits ?

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?

Just make sure you understand the legal and tax implications—having a solid contract and knowing how to navigate assignment fees is crucial.Financial Planning and Tax Strategy: Since you're already in the process of building your credit, now's the perfect time to start thinking about your long-term tax strategy.