And in some counties , it can take 4 or 5 years for a simple single-family home as is the case on these waterfronts in Annapolis.

Now the business itself is rather simple. 

Many companies have left the state entirely.Insurance is a simple math game. 

If we assume $1285 in gross rent, or $5140 per month for the quad, the 8% PM fee would amount to $411 per month or $4930 per year after year 2.Now if we do some simple math:$18600- 6240 for miscalculated rent- 4457 for miscalculated HOA dues= $7903 in cash flow per year. 

Most of it will be DIY with inspections to make sure it's to code.

Its very simple to figure out & use and it gives enough metrics to analyze single family properties. 

It's deceptive practice, plain n simple. 

In a perfect situation, the payment will still be delayed (even if by hours) using this additional system.And secondly, many of these vendors have "clawback" provisions where, in their terms of service, you give them permission to go back into your account - even weeks after the fact - and reverse a deposit that was made by your tenant.My system is simple, allows for tenants to pay through multiple means, and does not cost me anything extra.

@Jeff Goedeker A rental P&L statement would be pretty simple to create.  

I’ve not used them (Stessa is working for me) but I’ve read positive things from others using those as a DIY book keeping solution.