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.

They can only collect the admin fee which is roughly $150/yr.  

I had to have an awkward conversation with my favorite realtor when their broker suggested everyone had to pay a $700 “document fee” on every sale.

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.

Tax free appreciation and rents significantly trump the loss of depreciation and custodial fees.

This eviction altogether cost me $20,000 - legal fees, lost rent, and rehabbing.

Gaining a risk-free property, with a long-term resident there to pay down your fees, etc, with a property management company in place to hold your hand along the way and making sure your property is kept up with. 

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.

✅ 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?