The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it!

When I pointed that out, they suggested I instead setup my credit card as a vendor, and enter each charge as a bill, which would then fix the assets and liabilities issue.  

Let’s break it down.Self-Managing Your Chicago House HackPros of Self-Managing✅ More Cash Flow – Property managers typically charge 8-12% of monthly rent.

Cheaper housing?

If you are not out by the deadline or the property is damaged, this agreement will be void, and the Landlord will pursue legal means to evict and collect all unpaid rents, plus any other charges owed."

Labor is much cheaper than other parts of the US.

I got this notice in the mail where the HOA is charging $5457 in dues for the year...a 500% difference from your pro forma. 

The reality is the opposite - if it's not in writing then the PMC doesn't have to provide the service or can charge extra for it.We have a 12 page management contract that we've added our real experiences to over the years, with the intent of protecting both us AND the landlord.

This is because the longer the mortgage term the cheaper the payment will be.

Hey Jonathan - I usually start by checking what similar properties are charging in the area, considering things like size, amenities, and location.