This designation doesn’t cost extra or give the manager access to insurance payouts but ensures you and the property manager are aligned during incidents, such as tenant lawsuits or insurance claims.

But I would charge the extra 3% to cover my costs.

In the case mortgage foreclosure, I usually offer to pay for the existing mortgage and give them a little extra to move.

Just an extra couple of clicks to do.

. $130k your earnings are the long run are far different. 

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!

If you don't intend to do that right away then do the 20% and save the extra cash flow.

Private notes require more work than Stocks / Bonds, is the added return worth the extra work?

Well, three top reasons come to mind:It will allow you to deduct their earnings on your own tax return.It is required by law for any person to whom you paid at least $600 in 2023, total.

I think the big question is how badly do you want to keep the extra $50k liquid?