Some people look at PM fees as “wasted” or something they could do themselves.

- You've got to go to the property for showing- Many do not show up, so you waste your time- Then you have to have a legally compliant rental application & lease- Some approved applicants disappear the day before or day of lease signing!

No system is perfect, so don't waste time chasing after the next shiny object.

You can try small claims court, but nothing is enforceable, so it is mostly a waste of your time...and some of the problematic tenants know this.I agree with Jill, if they do make payments, take cash or money orders-no cheques.

It's a load of bull.

Time is way too precious to waste on being unhappy because you want more

They ended up costing me a few grand, so much wasted time, and the terms are not even close to what they initially told me.

Saved me a lot of wasted time on the job.It really is one of those things that seems more daunting than it is, getting into managing new construction.

I wish I could pull something off like that... basically, its a fee to make sure you don't waste the lenders/broker's time.

Same goes for many apartment buildings offering MoveIn Specials.So, if it's slow-time winter or a property won't rent for another reason, why waste time worrying about why it works or how to avoid it?