I never got the consultation, but was politely told my portfolio is probably too small to pay their annual fees (starts at $2500 and goes up).

✅ Typical origination fees?

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?

Quote from @Matt McNabb: I'm a solid $400k/yr job in NYC and have $250k to begin investing as my first step into building a portfolio, although I don't have time to be a landlord so I have to account for management fees.  

For your ~$10K fee, I expect for you to be thorough and clear and make sure that these things are known as it is difficult to see everything on video.

He told me he owned a few mobile home parks in town (they were large and had high lot fees) and this is what sparked my curiosity.

Maintenance and admins fees are high.

This requires consistent oversight and experience, which most investors simply don’t have.The Bottom LineIf you want to lose money and risk expensive legal fees, go ahead and self-manage.

A DSCR loan is going to require more down, have high fees at closing, a higher interest rate, a pre-payment penalty, and will require you to have cash reserves that you likely don't have at the moment.

Ultimately its the brokers, PM's and lenders who are advocating for this strategy because they are collecting their fees.