Management & Leasing FeesManagement Fee: 10% of the monthly rent = $180/monthLeasing Fee (Tenant Placement): 60% of one month’s rent = $1,080 (one-time)Lease Renewal Fee: $250 per lease renewalUpfront & Annual FeesOnboarding Fee: $350 (one-time for setting up the property)Annual Administrative Fee: $45 per year (for statements and 1099s)Reserve Fund Requirement: $300 (held for maintenance and expenses)Maintenance & RepairsOrdinary Maintenance: Any repair costs exceeding $300 require owner approval.Emergency Repairs: Up to $300 without prior approval; HVAC, plumbing, and electrical repairs can go up to $500 without approval.Home Warranty Claim Handling: $40 per claim (if applicable).Multiple Quotes Request Fee: $100 per request if you require multiple vendor quotes.HVAC Filter Supply Fee: $195 per year per HVAC unit.Repairs & Improvements: 10% markup over vendor invoice cost.Additional FeesInterest on Unpaid Sums: 10% late fee with a $39 minimum per month.Paper Check Administrative Fee: $20 per check if not using direct deposit.Insurance Documentation Penalty: $40 per month if proof of insurance is not provided.Eviction Protection Program (Optional): $15/monthProperty Damage Protection Program (Optional): $25/monthTermination FeesEarly Termination Fee: Equal to the management fees for the remaining lease term.Vacant Property Termination Fee: $500 if no tenant is in place.Transfer to Another Manager: $500 file transfer fee. 

My boyfriend and I are closing on our first property soon which is a duplex where we will be living in one side and renting out the other. I am stumped as to if it is worth it to get a business bank account or just op...

Common space maintenance and upkeep. 

Unfortunately, most hard money lenders do not have loan products for maintenance funds/expenses. 

(Note: I did not factor Vacancy/Maintenance/etc yet)*Both tenants pay utilities currently but I still factored in water/sewer monthly @ $150 ( See Linked Report)Realtor states current rents should be closer to $1,500 each side to match the market. 

I learned that there are great opportunities to purchase low maintenance, fully remodeled homes in places where there are high quality management teams in place that can produce nearly passive income.

To me, it feels like I could simply have the lines snaked regularly to avoid clogs.

Is the HOA imposing the assessment due to an insurance claim or is this a maintenance situation? 

Experts/ Landlords, Please what is your candid advice Second investment property for rental to regular tenant ( or Section 8) Brand new single family home built in 2024 in Princeton TX 4bd 3 bathroom with new refrigerator, washer and dryer , i closed on the house last year September, I listed on Zillow before but the response was low , so i took it down .

I work a regular 8-5 job but would like to learn about real estate investments to achieve financial independence.