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I'd look elsewhere. What are the other PM's like in the area?

I have. My BIL has one IP located near many of ours. He knows that we have property in the area, yet did not ask who we use as a PM. They handed over management to the agent that sold them the property and are still with them years later. I can't remember all the charges that this...

I think 7.7% is about average, although I pay 5.5% on most of mine. I only pay one week let fee regardless of how long the lease is and I pay NOTHING for invoicing of repairs. As for the monthly admin fee between $2.50-$3.50, depending on PM.