Plus, association fees can be very expensive.

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.

P&I payment: $716Origination Fee: $4500Underwriting fee: $1395

Hey mate,Those PM fee's seem solid and transparent.Same as the reserve.If someone wanted us to manage a 24 unit, I'd ask for $5,000 in reserves as we as a PM aren't a bank. 

Refinancing a home in Florida will typically cost 2x-4x more in fees than a property in Indiana.  

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?

But the cleaning lady being used ( that is contracted by the complex) would not give any information as to what would need to be cleaned to avoid a cleaning 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?

Eventually you will collect rent, legal fees and all other court costs.Lesson to other landlords.... deposits and LMR are never to be applied to a tenants rent.

He sent me a contract which if I sign will pay him a fee of 3% of the money secured.