It’s always good to have an extra bedroom if possible, as it can attract more tenants or allow for house-hacking opportunities.

While it might feel like an extra charge to tenants, these packages often provide value that indirectly benefits the property owner as well—like reduced maintenance calls or ensuring the property is better protected.In my experience managing a large portfolio of properties, these fees are becoming more common due to the thin margins in property management.

With some more math, you’ll see that the extra amount in dollars is not that much compared to the total amount of interest paid.

This would not be the case of an extra 4000 gallons per day, likely only a few hundred gallons.

I've also seen the extra space used to make a toy train set up for HO gage trains.  

. + If you're already managing your own books & confident in the output, then maybe its not worth an extra $200/mo right now. 

They might pay a little more but not enough to cover the extra condo fee. 

There are pros and cons depending on your goals.Why an LLC Might Be a Good Move• Helps protect your personal assets in case of a lawsuit• Makes it easier to bring in partners in the future• Keeps your real estate finances separate from personal accountsWhy It Might Not Be the Right Move Just Yet• Most traditional lenders will not give a mortgage to an LLC, so you may have to use commercial or DSCR loans, which usually have higher rates• Some people assume an LLC will save them money on taxes, but rental income is still taxed as pass-through income for most investors• There are extra costs like annual filing fees and bookkeepingA lot of new investors get stuck on this decision, but the reality is, you can always start out in your personal name and transfer properties into an LLC later.One more thing I wish someone told me early on is that property management takes more time than you think.

Compare yourself to these but do something extra to make it stand out.

WAY cheaper than then thousands if not 10’s of thousands in extra interest.