Should I charge a flat fee or an hourly rate?

Additionally, I suggest that you establish your screening criteria and process ahead of time.

Most owners choose the 4% fee option, but most importantly, what you get for that price is what sets us apart:✅ Guaranteed rent (even if the tenant doesn’t pay)✅ Top-tier leasing (pro photos, syndication to 30+ sites, screening that we stand behind with guaranteed rent)✅ Maintenance triage 24/7 – you choose to DIY, your own handyman, or use a vetted vendor from our vendor network.

Flat appreciation for 1st yr might be nothing, but it might be the canary in the coal mine.

If they are unable to bring a co-signer then, I’m gonna see why; then in other scenarios most people can bring in their family & you’d want to screen them as well.

Same for 2-years of job/income stability.Tenant Default: 10-20% probability of eviction or early lease termination.Section 8: Class C rents usually meet program requirements, proper screening still recommended.Vacancies: 10-20%, depending on market conditions and tenant screening.Cashflow vs Appreciation: Should cashflow immediately, at the lower end of relative rent & value appreciation.Class D Properties:Tenant Pool: Majority of FICO scores under 560, little to no good tradelines, lots of collections & chargeoffs, but should have no convictions/evictions in last 12 months.

Resources like ValuePenguin and LendingTree can help you compare your operating costs across cities.No Rent Control: Rent control can limit your ability to raise rents, screen tenants, or evict non-performing tenants.

He wants to just give me a flat 100,000 and he would make 200,000+. 

As far as a flat rate, I would talk to companies offering services as mine and ask. 

Get Ready for LeasingOnce the rehab is nearing completion:Have the manager:-Conduct a rental market analysis-Set up professional photos and listings-Handle tenant screening and lease agreements6.