Some landlords even add a small fee to cover these kinds of costs.I'd be happy to connect and discuss more! 

I have zero fees on my units when they are vacant.

@Dennis GallagherIt's my understanding that the "Income-Expense Ratio" primarily use operating expenses as the expense variable, which includes costs like utilities, property taxes, insurance, maintenance, repairs, property management fees, and trash removal, all of which are considered when calculating a property's operating expense ratio (OER).You calculate OER by dividing the total operating expenses by the gross operating income of a property.

Syndicators make an acquisition fee just for buying the thing, management fees, a disposition fee for selling the thing, and have the opportunity to earn carried interests in the form of 20% of the profits.

You left out information that maybe relevant such as taxes/insurance per year, maintenance cost anticipated per year... plus other expenses depending on rental such as management fee(if you aren't manager), advertising cost to acquire renters, etc....

The only thing is the HOA fees go up and they can do special assessments and you have no control over it.

Another option is to hire independent inspectors or even handymen whom you can pay a flat fee for every time they inspect your house.

So just curious if my number formula is correct $15k down plus $15k Reno = $30k rental income/year  $14500 vacancy rate 2% operating expensive 35% ( to cover condo fees maintenance insurance ect) $5500 a year mortgage so roughly a 12.25% cash on cash return ? 

Next, clarify expectations with your co-host—ask if they see this as part of their service or if a fee is appropriate.

Are you paying any utilities as the owner, aside from water and user fee?