The latter are just lending services that aren't deposit taking banks (e.g.

@Jason Merchey In my experience, we've always accepted a signed lease regardless of age (+ proof of deposit if its brand new). 

She was 1/4 roomates and did pay 400 of the 1200 deposite. 

You start with a small limit (sometimes as little as $300) and provide a deposit, but as you use it and pay it back, they will report to the credit bureaus to help boost your score. 

That will eat up the security deposit and then some. 

Don't forget that you also have to give the new buyers the security deposits.

CASH deposit within 48 hours of acceptance usually ( west coast ) 10 to 50k.3.

We will collect first month and security deposit.

They only look at their back of the napkin calculations of what they pay a PMC, assuming it's 100% profit, because they NEVER consider what expenses a PMC has.Since you like to crunch numbers, why don't you calculate how much it would cost for YOU to hire people to do the following:Inspect a property to make sure it's ready to marketTake marketing picsPublish and refresh for rent adsTake all the phone calls from adsSchedule showingsChase applications, process & screenGet deposits and sign leasesCollect rents, chase delinquencies & evictionsHandle maintenance requests, which are never handled fast enough for tenants, or cheap enough for ownersChase tenants for lease renewalsCoordinate MoveOuts, damage charges against security depositsGet RentReady bids to owner's satisfactionFollow up with maintenance to make sure done on time and done rightStart the cycle all over againProvide accounting services for all of the above, including owner reports and payments, annual 1099's, etc.Don't forget to factor in payroll taxes, employee benefits, company office space cost, company insurance, equipment, phones, etc.Once you do all that, you'll quickly find that PMC's are NOT making more than owners.FYI - this is why investors should always factor in 10% PMC Fees, 10% Vacancy and 10% Maintenance when running numbers on a potential rental purchase.

In fact I saw last downturn FLAT rents, waiver of security deposits, first months rent free with landlords fighting to maintain market share and service their notes.