However, be mindful that preventative maintenance, such as HVAC servicing, can arise even with recent renovations.

Line Item Fee Collected Rents 10% of All Collected Rents New Tenant Search & Onboarding $500 Business Hour Service Calls $80/hour + Materials Cost + Tax After Hour Service Calls $110/hour + Materials Cost + Tax HVAC Cleaning & InspectionGutter CleaningSpring/Fall Exterior CleanupSeasonal Mowing & Weed TrimmingSeasonal Snow PlowingGeneral Contractor Vendor Cost + 10% Oversight Fee

However, I read some bad reviews about them. 10% service fee from landlord, plus 8% from tenants.

This means you need to pad your rehab costs, make sure you have trusted service providers that do great work, and when you run comps be sure to bring them down a bit and see if the deal still makes sense. 

It will ultimately depend on price point and what level of service you want to provide. 

The reality is you have to pay for services like this and be prepared to eat the cost if the deal doesn't pan out.

Could be the tenant is not using the service, doing something to attract roaches or the exterminator isn't doing their job.

So, in actuality the divide between “good” PMs and “bad” ones is probably no different than any other service provider, be it real estate broker, mortgage originator, etc.The key word I has in my sentence was MAY; as in MAY be hazardous to your financial health.  

any lender wants to know how you plan to service the debt.

Hi KyleThe way most real estate for sale is priced these days there’s little to no cash flow after debt service with 25% down - borrowing a down payment would put the investor in a negative monthly position.