Ken, I used an administrative fee here that was basically a fine.I structured it by saying that in consideration of the rents such were agreed to under the condition that no additional administartive functions were to be required by the landlord and went on to describe what "additional administrative functions" were.In the event any additional work was required an additional fee for services would be assessed and such would become rents then due.So, if the tenant failed to return the trash cart to the rear of the property and we had to wheel it back, $25.00 was added, if they left trash or other articles in the yard for more than a day, or if neighbors called about noise or if I had to answer any police calls, etc.

Here's the way that I organize my information.3 cabinets: 1 for vendors (people that sell stuff to you) 1 for customers (since I'm a landlord this means my tenants) 1 for general / administrative items (company documents of incorporation, tax documents)This is how I file information inside each cabinet.- Organize alphabetically (except XYZ can be combined since they're rare)- File according to first letter of the company's name.

Here are my notes.The sale was held in the board room on the second floor of the administration building.

Great points I will me self managing it however I want to account for management in the future if I decide to I made a few adjustments:Expenses Property Taxes Annual4,907  InsuranceAnnual1,500 Maintenance & Repairs Annual10% 2,592 UtilitiesAnnual0 0 Advertising Annual 300 Administrative Annual 150 Variable Cost PM(% Income)6%1,555  CAPEX 10%GrossAnnual2,592 Lawncare Monthly100 Total Expenses13,696

The address listed is for the administrator which may be living outside the state.

I am 43 years old with experience in business administration, customer service, merchandising and music.

Borrower pays all origination and administration costs. 

@John Harrison All administrators of the Housing Choice Voucher Program (commonly known as Section 8) must follow the HUD requirements.

TLBC does not mark up the price of a lien beyond the redemptive value, but there is a charge which is a small fee for municipal transfer fees and a small administration fee for the team to complete the transfer and get the client registered at the county.  

I addition to these ongoing administrative fees, this also means ongoing attorney and accounting fees for each series!