They only take an upfront fee for placement

I do not enjoy double broker negotiations because the communication can get a little less precise and lose my ability to have a real problem solving negotiation.

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

Midterm renters run the gamut from college students to seasonal workers to travel nurses to digital nomads to corporate executives to insurance placements and they all have their own expectations and cost threshold.

But, there's a good chance you'll end up in a lose-lose situation of managing a property that you're not getting paid properly for and you're friend will be complaining.If he's not willing to pay the going rate of PM fees, then tell him to self manage.Consider hiring a PM company to do tenant placement only.

Private placement memorandum, regulation D filing, Missouri SEC disclosures needed, documents needed for deals, marketing guidelines, proper structuring of my REI LLC, safely and legally raising capitol for RE deals

Does your "Management Fee" of 10% incorporate the tenant placement fees that will most likely be an annual expense? 

Just be careful of placement, and aware of local surveillance video laws and required signage.

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

. :) He just helped walk me through a tough deal I am working on with precision and expert advice.