Simple things like a professional website, ability to take payments online, a real tenant application/screening process, maintenance tracking, after hours call system, financial reporting, etc. 

Is there a form letter people use to send out say here is the itemized damage charges and a bill for the uncovered amount?

They also charge a rate that's higher than the bank.

I continue to charge the tenants until I have possession, which includes keys.What you could do if you choose to and which is probably better in your case is to complete the walk through and then let them leave. 

This includes property type ( residential vs commercial), size ( range of units), location, age, price range (if applicable.) 

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

Like maybe I should just charge $25?

Do I charge full replacement cost with installation or some depreciated cost?

they of course charge a fee but you can build that into your pricing.

We are prepping our first property to rent starting Oct. 1.

It is a SFH built in '45. 1200 sq feet on one floor, and 600 sq ft unfinished basement with washer/dryer hook ups. 2 bed, 1 bath.

The neighborhood i...