This is not an unusual structure for investors with loads of experience and model that is proven to work, but for someone just starting out it makes no sense.Cheers!

My monthly fees are as follows (handyman inspection $125, Cleaning $270 a turn (I collect this from guest), TAT&GET (collected from guest) Property Taxes, Insurance (I highly recommend you price this out, with hazard I pay $1,200 a year), internet/cable $100, Electricity $300 a month, AOAO dues $900 (association fees are increasing minimum 5% a year).  

They'll just keep coming back with new issues for you to fix.How to tell if this is a legit mold issue or if it's the tenants problem: initial sniff test goes as follows....did the previous tenants have this issue?

The response after following up was "Can you try supportnumbers?"

I would first look at a proven company like RentWerx, then compare them to a few others and see which one works best for you.Start by going to www.narpm.org to search their directory of managers.

Currently, INNAGO has proven to be an excellent platform for my needs.

The tenant suddenly stopped paying rent, claimed 'banking glitch' and squatted for 6 months while we worked through the evictions process. The court ordered the tenant to pay back-owed rent plus interest. 2 years pass...

@Renee LeFevreTo rent out your basement, follow these steps: check local regulations, prepare the basement with separate entrance, screen potential tenants, draft a lease agreement, set the right rent price, consider tax implications, update homeowner's insurance, and build a positive tenant relationship to attract quality renters.Good Luck!

This is even true for student debt.I recommend the old-school, proven technique of paying off all debt.

Follow your gut feeling and keep looking for other applicants.