We check on the working condition of appliances that we supply once a year, even vacuuming refrigerator coils and checking that drainage lines are clear.When we rent the property, we go over the rental agreement with the tenant and the tenant understands our responsibilities and theirs.

The often missed point is that the decision to have a PM or not doesn't occur in a vacuum, but rather depends on the investors overall strategy, which is in turn a function of their goals.

TRADES are on fire.. the average American teen is not learning the trades like a few generations ago.ergo we have imported so much of the unkilled and skilled labor into the construction field and they are taking over the vacuum left .good job..

Even though you can charge and deduct more, they easily have the capacity to trash your place.and with most kids these days, mommy and daddy never let them do chores in their whole life, so plenty of them don't know how to wipe their butts, much less vacuum and mop.on the plus side, mommy and daddy are willing to back their kids up as cosigners.

Plus charging them monthly means they have less incentive to be long term renters there.I've had 3 tenants with pets move out so far- the two with cats meant additional cleaning/ disinfecting where the litter boxes were and I vacuumed up a lot of hair from the corners and off the walls.  

Try to have the mindset of a hotel manager at a luxury hotel or a top airline; very friendly and polite, but the rules are the rules.We have to re-trail our new tenants often, because they come with some "bad behaviors" from a previous bad landlord.

Airlines are slowing starting to fight back and I'm sure housing will get there eventually but I suspect it will take another decade or more.

We work full time and have found that this model, which I modeled after the Southwest Airlines works well for us.

All carpeting must be vacuumed.

In a vacuum, if this is the only scenario you were presenting for 50% ownership, then I would hesitate to call it fair.