Once they are stabilized, he refinances at 75% LTV to pay back the investors and have extra capital for the next deal. 

And they also push to for extra fees for a "virtual mailbox" which seems dumb as well. 

You could choose to have an extra refrigerator on hand.

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.

But I think they may come down a little with the extra supply from people that have to move and they are willing to lower the price to sell the home. 

Plus that absolves me of any wrongdoing,  not that they had a chance in charging me with any of those things but I'm making extra sure that won't happen. 

It covers extra for your auto, libel, slander, primary residence, etc. 

@Bob Mai wow, interesting how biased your post is.Their 4% is only if you PREPAY their fees for 12 months, otherwise 6% monthly.They have a minimum of $75/month, which means if your property rents for less than ($75/6%) $1250/month, you will pay more than 6%.They use Latchel for maintenance issues - Latchel is not cheap and there's a kickback in there somewhere.There's a list of extra fees for extra services and there's a lot they do not handle.You get what you pay for, so good luck.

They pretend like the overcharges are a mistake on my part, but we did not agree to any of those extra charges and it was in the thousands of dollars.

Appraisers simply take the square footage approach and don't seem to care about the extra kitchen and other amenities.