@Bryn Chatterton screening applicants will be SUPER important.This is a copy-paste from our website, so ignore some of the specifics.Robust Tenant ScreeningA bad tenant can lead to thousands of dollars of losses via unpaid rents, legal fees and property damages.

They will have to sell it for a loss cause nobody in their right mind will buy that  The increased developer fees is only going to impact the seller, because they are the ones paying for it.

That could be something simple such as adjusting the amount of late fees or something more involved.

Target Number:                                                                                                                    320,000                                                                                                                                    -64,000 or 20% (agent fee 6% 19,200, GC Fee ~ 25,000, Title/ Closing/Funding 19,800)             256,000 all in                                                                                                                        ~40,000 Profit                                                                                                                      216,000                                                                                                                                       -5% Buffer 205,200So what can be built for 200,000This puts the build size at 200k/120sqft or 1666.67 sqftIn my gut this still appears to be to much house even with 40k in projected profit. 

However, I recently discovered that I'm missing about one-third of the rental income, and no explanation was provided. ( Actually, I just checked my account to get money: 10/2 $500, 10/17$700, 10/28$500).Originally, I understood that the management fee would be 10% of the rental income.

Do you want to pay a 6% "on-boarding" fee on the front end?

I told him that I would charge him the same fees as before. $50 late fee after the 5th and $5 fees each day late. 

Plus, in Mexico, I have to pay extra fees every year, like the fideicomiso, which is part of doing business there.

However , she has been fair in agreeing to waive any fee of any sort right now while it empty.What is the incentive for property managers to get a tenant placed?

Because I have a 22-year-old student in NYC who’s succeeding at this.And I have another student who made a $700K assignment fee in Beverly Hills, California.Can you imagine if Myles, came to you for advise BEFORE he came to me?