We're seeing an unfamiliar clause and wanted to verify that we're not making a mistake.The broker asks for a $500 fee (they say they reserve the right to retain/charge in its discretion, in any non-closing event to cover for its services).Is it common for a broker to ask a $500 fee out of the EMD in case we back off the offer?

We post this right on our website, so our clients are fully aware how investment property offers work.

The leading 3rd party management platform "East Storage Solutions" provides services that make it easy to lease out vacant units.

The vast majority of those are clients who utilized DSCR loans. 

What services are included that you won't be providing?

It seems like some of these would be buffered by using a credible loan servicer.

*This post does not create an attorney-client or CPA-client relationship. 

But many of my clients are choosing to go the DST and TIC route these days.

At this point I would put your PM on notice that you are going to go by and inspect in 45 days and if anyone is on the premises that is not named in the lease agreement you will be forced to terminate their services.

I do a lot of the handyman work for some of my clients and for all my properties, whether they are long term rentals, my own home, or the airbnbs we have or manage for others.