Subtract any expenses (for example, we provide welcome baskets for our guests and we pay for them rather than charging our owners).

AirBNB and Furnished Finder are two resources to see how many MTRs there are in your area and how much they charge. 

It's a declining biz model.....the city is trying to crack down on them, and insurance co.s are pushing back on the testing charges (which is where the profit is).

See who they would recommend for lenders and make sure to get a preapproval letter back to them so they know you're serious - takes about 20 mins to do an application - can take the agent about 2 hours to have to show you a place with their time.

It may sound nice to pay a 6% management fee but the extra fees can add up to be more than the other company that charges 10% with no additional fees.

I just wanted to get a feel for what others are charging for this or if they are charging for it at all.

We use Buildium to review applications, sign leases, etc.

The IRS will require them to charge a “reasonable interest rate” if they supply seller financing.

Have dad invest as “silent” partner entitled to a return equal to the interest rate he wants to charge you.

But from the property management side the application, lease signing, and move-in process is arduous enough as it is.