They typically keep the entire amount.In our experience, many PMCs do NOT put rentals on their local MLS and so only charge 50% of one-month of rent - but they do NOT tell the owner this.2 years ago, when rentals (and sales) were happening in less than a week, this strategy may have worked, but with rental Days On Market increasing nationwide by 38% since 2022, it's becoming more important to list rentals on the MLS to increase exposure via getting agents involved.How's a PMC, only charging an owner a Placement Fee of 50% of a month's rent or less, going to compensate an agent that brings them an acceptable tenant AND cover the PMC's marketing costs?

Come talk about your worries and success stories about private money lending, as well as to share your experiences and ask questions!

.- Learn for future projects: This experience underscores the importance of thorough inspections, even on recently installed systems.- Check statute of limitations: Depending on your state, there might be a time limit on claims related to construction defects.As a hard money lender specializing in fix and flip deals, I've seen similar situations arise.

Does anyone have experience with this strategy?

Feel free to reach out if you need any advice. 

I posted a lot about my experience with investing in Indy - cash flow is difficult right now and any cash flow on paper is much different on paper, especially with Class C (repair issues, crime with stolen AC units and attempted break ins with my Class C).

It could be free and still be a bad deal.  

I don't have experience with this company myself, but another member in one of the FaceBook Groups mentioned ALE Housing Solutions for medium term rentals. 

I only have ceiling fans in the living rooms and have been maintenance free.

You have the knowledge, capital and or experience to have a good chance at success2.