[davismwfl]

In general, property management fees run roughly 6-10% of rent and maintenance really depends on the age of the home. A newer home that is in good shape may not cost you more than a few hundred dollars per year in unexpected expenses, an older home plan around $1-2k/year to be safe. In my rentals I always price into the rent some core expenses, specifically lawn & exterior care as well as pest management. This lets me make sure the property stays looking proper and reduces the chances I need to do major upkeep work/expenses. Inside I always paint the house between long term rentals, which means the inside stays good, and I usually install wood/laminate floors before I start renting and keep decent appliances in them as well. This means I rarely have any larger expenses, after my first initial market expense.

Some things to look into are things like property taxes, a rental isn't your primary home and so depending on your state the property taxes may increase once you rent it out. HOA's sometimes have rules about notifications, fees and lease terms you have to take into account (I hate HOA's).

Best way to find out your specific details is to talk with a rental agent in your area and ask them to give you an estimate. They'll know the quality of the homes in the area and the approximate costs owners are paying annually. That'll give you a baseline, and I'd ask 2-3 to make sure you aren't getting an edge case.

FWIW: My higher end properties cost me less (% wise) in maintenance than the lower end homes, simply because it is a vastly different cliental and quality of home. If your house is a typical middle class home for your area that is almost always the sweet spot IMO. Higher end can be harder to rent out and lower can be tougher to manage and keep up with.