If it turns out that the tenant clogged the drain, we give them one warning and after that we charge them.

He was at the heart (and brain) of a fantastic educational operation – one that was undervalued because he did not charge much for it.

@Sean Gallagher check the RBP addendum there is usually a clause saying if the property sells that the RBP can be canceled and the services are no longer provided and the charges don't have to be paid. 

We also use Rental Guardian and add the charge to each booking so essentially the guest is paying for their own damage insurance.

We need to close in 1 week and worst case I may need to buy all cash and refi to a different lender losing my property inspection fee the lender charged.

I fund their deals 100% they make money I charge nothing up front I only make money when they make money we get paid the same day off of the HUDs..

Don't worry what others are charging in your area.

I would reach out to experienced PMs, landlords, and realtors in your area to see what others are charging.

For example, my cleaner and handyman at my STR have separate cards so the only thing that ever gets charged to that card is that expense.

Their main sales pitch is that they will teach you how to make more money by charging your investors double the industry average acquisition fee.