You account for the mortgage and HOA fee.

You want to make sure they are properly installed and you don't want tenants moving large appliances in and out of the house as it will cause damage. 

I.e. say your plumber has a fixed $150 service call fee.  

Is $107k your true net, or do you have any other expenses (mortgage, taxes, lodging taxes and fees, insurance, utilities, landscaping, WiFi, etc.)?

Can easily get a 20% referral fee just for sourcing and handing off that lead.

Or even just use the FB group where people bring deals for a finders fee, you evaluate and then pay a % to a TC to help close the deal.

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?

We pay Lightning Docs a $500 annual fee and $500 per loan, which we charge to our borrowers at closing.

A recent example, “How much is the monthly association fee?”

Also who pays servicing fees. if curious to learn more reach out.