Prices a few years ago were based on expectations of (in addition to interest rates staying low): - Then current operating cost assumptions (like insurance cost expectations being flat)- A seeming disregard for record levels of new inventory / supply hitting the market- Extremely high inbound migration expectations which are likely to not be met, due to both natural disasters and the boomerang effect when people from California or the Northeast move to the American South and hate every minute of the humidity, the large and relentless swarm of insects, and the occasional hurricane. 

@Deirdre Lizio see a lot of competiting PMCs start with a pledge of doing it better than "what's out there".Always interesting to revisit them 3-5 years later - after they've experienced the reality of challenging tenants AND owners.Look no further than Evernest: they started out with flat fee management at $99/month and promises of better & fairer service & pricing.Now they're at 10%, capped at $199/month - wonder what changed?

There are also companies that will do it for $100-300 flat fee or $30-50/yr.

I never go off of a flat percentage on anything, I analyze the costs to get to a specific return I target and analyze the risk that is involved. 70% may be an initial metric to see if it is even worth pursuing, but every deal should be evaluated independently based on costs, time and risk involved.

Thus, I'd expect something like the following for the next three years for US rents: 1) 2025 will not see much national rent growth as we continue to deliver so much supply that prices remain largely flat.

Look at the application, start pricing third party flat fee services for each step.

I would also make tenants start paying water, as soon as their lease renewal comes up, with a flat monthly fee.

Work out a fair revenue-sharing model, such as a flat lease or percentage of profits, and consider hiring a property manager for oversight.This post does not create a CPA-Client relationship.

I have also done the math and my account over the next 20 years will grow larger assuming a flat 7% return by taking loans then not. 

Heavy cases of clear cut fraud and flat out lying to their investors.