This may also create some competition for the space and urgency to get the documents back to you.

This shows that they knowingly signed the document stating you are licensed and acting as the principal for example.   

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. 

Had we scheduled the closing in the morning, there would not have been an issue.The only potential upside is that a disaster area declaration triggers changes in mortgage rules that could beneficial to the buyer. 

Hi all, I’m looking at documenting my ‘active participation’ and have been reviewing the REPSTracker app (14 day free trial).

One key difference is that Prime also includes monthly bookkeeping in their pricing.For reference, here’s what Taxstra provides for $1,500:• Preparation of individual tax return• Electronic filing of federal & state returns• Review of prior-year return for consistency• Up to two hours of post-filing support for minor corrections/questions• Digital document storage• Short-term rental loophole assistance• Personalized video walkthrough of the tax return• IRS/State correspondence for any notices or inquiries• Year-round access for “quick questions” (not requiring additional research)Does anyone here have experience with either of these services, or have recommendations on what to prioritize at this stage?

On top of the previous recommendations - as you don’t appear to have a property manager, I’d suggest you start documenting every issue and correspondence with the tenant.  

Is it help with the documentation for the STR and material participation?

Quote from @Jules Aton: Quote from @Matthew Paul: Stop texting him , It could be used against you  Interesting, obviously not a lawyer, but I thought text was better than call because you have the foolishness documented.  

.), cleaning, utilities, yard and exterior, final walk through prep, and documentation.