What are the Average Rates and Policies for a Property Management Co. in your area of the Country?

As all of the DG Members continue to find great deals, we may decide to "Buy and Hold" properties for the long term. Thus, you may be considering using a proeprty management company to manage your units. If any DG Members out there can share some information it would be great.

1. Thus, can fellow DG Members share, where they live in the country (state and rural or city) and what the typical Property Management Fee is such as 5% or 8% or 10% of the rents and do they keep the first month's rent when they first get a unit rented, etc.

2. Does their local area Property Management companies add a service fee for any repairs, or items purchased to your monthly owner invoice, etc.

3. What do you look for in a Property Management Company and what are the best questions to ask?

If we can have a thread summary of the typical items for a property management company that would be great for reference. Thanks for sharing your information. Good luck on all your Property Management and deals. Believe and Achieve! Indiana-Joe