I allow pets and charge a pet rent of $35 a month, its nice bit of extra money and pet owners tend to stay longer as tenants.

There is usually extra charges on closing to pay for that service… but it is minimal.All the best!

They also know about real estate so less likely to charge you extra fees to get an appraisal or BPO because they can estimate the value themselves.

We will both keep our W2 employment for the near future just looking into getting an extra income or make our retirement easier.

Our current mortgage terms include a late fee after 5 days, so they’re already paying extra each month and have to split the total monthly payment up between 2-3 payments when they get their pay check.

However, what if you prefer simplicity, limited risk, and are living off of the income? 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

Charge extra for an ESA.

Are people paying for extra flood insurance or other insurance?

If you don't have the extra cash, can you get creative with a private lender or partner stacked on bank debt?