I used to work for a Fortune 1000 in corporate finance, and am used to closing the books each month.

Have you incorporated this into the base rent for all tenants or offer it as a separate charge?

There are some examples in this article for rent: https://www.nerdwallet.com/blog/finance/credit-report-rent-payments-incorporated/Particularly, if you are considering home loans in the future, get in touch with a loan officer/broker for ideas.

I was also trying to incorporate concessions for the current tenant who is currently paying $725 where the average rent (for that same size home) is $1500+.

IF in a LLC the incorporation paperwork6. your work up of the numbers7. comps of other places that have sold or resold in last 6 months8. your out or you exit strategy9. your personal history with the type of investment10. your complete planthose are the first things we ask for here......Good Luck!!

Hi Gary,I am working in Corporate IT (no plan yet to work Real Estate full time yet) and started to invest in rental properties couple of years ago.

I read to not use websites to incorporate but everything looks to be legit from what I can tell but you never know.

Also major capex is incorporated in the HOA costs (roof for example).

Then ask your favorite agent if they will incorporate any other ideas from your list that they are not already doing.Once you find that agent who will move your properties fast so you can do more deals, you'll never want to go back to dragging things out and losing time and money by going it alone.

They know that family businesses, like our rental business, that are not incorporated can hire family members who are under 18 and not have to pay SS taxes, and under 21, do  not need to pay unemployment taxes.