I need to turn the electricity on to renovate it, but all of the electric companies I see online have 1+-year contracts.

Thus, the cost of doing business requires and demands that the PM company charge more and various fees just to stay in business--never mind making healthy profit. 

Hello everyone! I just got my first rental property and need funds to fix it up. I need a HELOC so that I only use when I need it. 

You could turn the matter over to a collection company (including law firms that do collections on contingency), but normally, they charge a very high percentage of what they recover, and you normally have to authorize them to settle for any amount the want to.

The company name is roam.

Should I hire a local PM company for long term to manage the property?

And not every company wants to pay to be on BP. 

I'm sure you already have a landlord policy for your rental property.

A insurance company occupies the largest side of the building and He is the current owner of the property.

If you plan to hire that out then it falls on the PM company.