The higher, the risk of not making money, the higher the percentage of the management fee.

Charging a fee weeds out the endless tire-kicker people.

An application fee covers our overhead, and it deters some people which is fine.3.

Quote from @Patricia Andriolo-Bull: A couple of thoughts, in the end, the guest is "supposed to see" the same rates, it just won't be broken down by host fees vs. airbnb fees vs. taxes.  

When running numbers, do you underwrite conservatively with higher exit cap rates, or assume stability and focus on current income?

You have to factor in that this is a HELOC for an investment property..

Every month I am texting 4 or 5 tenants to remind them to pay rent or trying to collect rent fees.

@Benjamin Louie ic systems has an upfront setup fee and advanced told me they don't collect in North Carolina 

The standard for me is that the tenant pays, but a couple times I offered to deduct the fee from the first month's rent to try tip them to "yes."

LTR management fee is 10% standard with PMCs in Indy.