My units are well updated and I’m able to collect higher than average rent for the area.

I was impressed - and relieved. 

I used to own a property management company and charged 7% of rent collected.

I have been quite impressed with the amount of members and been using that for my contractor needs lately.

We can continue as is (rent & principle, as well as collecting monthly for property taxes and insurance)- she is ok with a slight increase to her rent (keeping sale price same). 

Such services should include:- Creating enticing market listings and ads promoting the property at its best for high demand- Rental market expertise to provide recommended rent amounts for your property's market without recommending an inflated rent amount scaring away potential tenants or recommending a deflated rent amount causing less of a return monthly- Physically showing the home to potential tenants- Collecting/depositing monthly rents and bill paying- Vetting/screening applying tenants or managing non-paying/troublemaking tenants- Resolving maintenance repairs by hiring professionals to care for your investment- Turning your investment property move-outs quickly for new tenant placementLook for all of the above listed services and more when researching property management companies to receive the most return on investment!

Calculate how much you could collect from rent and subtract that from the monthly mortgage.

We never collected deposits and she hadn’t sent verification of income until after we told her we rented to somebody else.

@Jonathan Greene I am sorry that I have given the impression that is the way I feel, It's not.

As a % of collected rents and cost it's insignificant.