That part is as advertised.The Not-So-GoodIt’s Expensive—Like, Really Expensive.First-month rent is entirely theirs whenever a new lease is signed.15% repair management fee on top of already high maintenance and repair costs.No late fee benefit for owners—any late fees go to REI Nation employees as an “incentive” for chasing payments.

Why ask: Some programs offer a month-to-month, no-commitment option so you can try out the program before paying an annual fee.

Beyond the Monthly Management, Placement & Maintenance fees, all other fees in our contract are IF EVENT -> THEN fees.

@Josh Dickson If your brother earns $700K annually, real estate investing can significantly reduce his taxable income.

Unfortunately, he got behind on property taxes and was struggling to keep up with maintenance, so the place was in rough shape.

Tenants should certainly take responsibility for maintaining the property and promptly informing the landlord of any maintenance concerns.

I'm thinking apartments.com for marketing, leasing and maintenance requests.

Canton is not quite as bad, although they have increased annual fees and initial inspection requirements in the past few years that Akron never put in place. 

However, in California, each LLC incurs an $800 annual franchise tax plus gross receipts fees if revenue exceeds $250,000, and property insurance may cost more.

@Blaise Bevilacqua - I agree with the added expense items that others have called out including vacancy, repairs/maintenance, capex, unit turns, and low insurance.