Of course, it is also possible he knew precisely what he was doing, as folks come in all sizes and character. 

Very little provided, much more than a phone number for tenants and minimal support.Separate tenant placement fee from operational PM. 

This is precisely how I got my start ... rented the Glendale house rather than selling, bought another place, rinse and repeat as necessary until filthy rich.

It's so precise.  

If i'm paying you a tenant placement fee and I routinely get a poor tenant, why should I have to pay a termination fee to keep poor service.  

Try to have an answer to every problem you can think of that you might be able to help with (renters who want to buy, sub2's, options, job training and placement, hunger/health issues, etc).  

@Ned CareyThat is precisely the problem that I was having.

In LLCs, for example, investors are "members" and own "membership units" of the LLC, with certain voting and control rights (outlined in your Private Placement Memorandum).

What's worse is when the also clip you a placement free on top of it, with eviction costs and etc.

Two months rent for placement would equal $2,500.  6% of $45,000 is $2,700.It doesn't sound like he grossly overcharged you based on what you were already expecting to pay.