Once I sign the lease option agreement with the seller and find a tenant to put in the home then have the tenant to sign their lease agreement from me, wouldn't I too have to come out of pocket to put down the option fee at the time the lease option agreement is signed between me and the original seller?

So far I havePM fee (% of rent or flat fee)Lease upsMaintenance (upcharge)Vendor rebate program on items such as appliancesPet fee (not sure if this goes to the owner or PM)Lawn care (upcharge)CleaningRenters Insurance (commission?)

The financials for 2012 are as follows:Rental income: $96,270Advertising: $222Cleaning and Maint: $3,163Commissions: $1,898Insurance: $5,469Legal fees: $60Mgt. fees: $2,230Repairs: $5,937Supplies: $4,017Taxes: $19,340Utilities: $7,170

It seems doable but there will be fees to pay with each membership.

Hello BP,I'm just getting started into investing in real estate-- I also work for a company that offers access to all genres of attorneys to the general public for a low monthly fee.

However, communications with the bank were slow and uncertain and as a result they kept tacking on late fees and penalties which ate up a good portion of his good faith payments, such that he is still NOT good –in fact he’s 90 days and some $18K in arrears.

There was a minimal (like $100) resigning fee and the interest rate would reflect market rates.

I plan on giving them their application fee back because I did not get to the point of running their credit check.

They charge a $40 flat fee to assess the situation, then go to the hardware store, buy supplies, and fix the problem that day charging a per hour rate plus the actual cost of supplies.

I know there are some agency that charge a monthly fee to their agents instead of taking a commission cut.