By exploring options for cost-effective utility usage, such as installing low-flow fixtures and implementing irrigation systems, we can significantly save on water expenses.To keep things running like a well-oiled machine, you’ve got to have a rock-solid asset management plan.

Wild how many fees PM's tack on to extract value from tenants ontop of rent.

Paying ~12% of the loan in fees/closing costs is quite high.

Rich Young, Loughlin, Crest, etc.Commercial brokers typically do not charge fees for tenant/buyer representation but find a way to take their fees out of the deal.

Normally, you would charge a cleaning fee (ex. $250), then refund them back the remaining.I don't understand why some people say you need a seperate account for every tenant, that's a bit ridiculous especially since banks normally require min balances, so you'll end up owing thousands to the bank everytime you pay back the tenant's security deposit.

Also depends on if you have strata/condo fees or HOA.The cash flow on my places are all over the place and yet I'm fine with all of the rentals for different reasons. 

That is without the Santa Ana winds.They did make a recommendation to LA to install large dams or holding tanks for sea water high in the hills and pump from the ocean. 

We do charge a pet fee, and it has helped with any extra costs a pet guest has incurred. 

Your PM fees for LTR will be more in the 10-12% range, while for STR it is more in the 25-30% range (and don't forget about GET/TAT). 

You should be able to build this into your cleaning fee.