For example, I found a property manager who charges $10/month to process the payment from the tenant, charges fees on processing late fees and charges for tenant screenings.

To date the regulators have not given adequate guidance, or just flat out banned, many technologies.

They do either a flat fee or contingency, your choice.

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

its certainly a hell of a lot easier than chasing down wholesale deals.. you know the deals are there.. they are public record.. most on line.. you can go to Northwest trustee service.. you line up your private investors and do all the leg work for them.. check property check comps.. eye ball rehab.. etc etc.. then you run to their bank ( because they are busy making money in their day job) grab cashiers check and bid for them.. if you win you charge them a flat fee or you take a piece of the deal...

Ensure clear lease agreements and screen tenants thoroughly.

Buildings like that can be stabilized with careful screening, access control and surveillance systems and coordination with community policing.

Waited over an hour and no one came on the screen.

In terms of timeline, don't plan for it to be a fast process, your rockstar local loan officer will not be processing the assumption, it'll be a group of call center people reading scripts from a computer screen.

What is the best way to screen international applicants?