Late fees? Pet Rent? Acceptable Vacancy Rates?

[Austin Siewert]

Curious what others are currently doing for:

Late Fees? How much and at what point in the month?  5th? 10th?

Pet Rent? Do you charge and how much.

Acceptable Vacancy Rate - we own a reasonable # of doors in the city of Milwaukee - not great areas but not horrible either.

Thanks in advance

[Nathan Gesner]

Quote from @Austin Siewert:

I could throw out some answers, but they could be completely wrong because state laws differ. Besides, you need to know more than just bare numbers. There's more to managing a rental than knowing when to charge late fees.

The best thing you can do is go to google.com and search for "property manager milwaukee" and then start reading through their websites to see what the professionals in your area are doing. You can also find a local investors group and network with DIY landlords.