Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Here's the red flags that we had missed when we were still fairly green: 1) Credit card declined so they gave us a different card from their "sister"2) Booked last minute3) Locals4) We had even asked for an ID so they sent a fake passport but the name was spelled slightly offThey had parties at the property and destroyed some things.

Do you include specific clauses in each of your subject to deals spelling out exactly how insurance on the property will be handled?

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

A well written management contract should clearly spell out what is expected of both the PMC and the owner, to PROTECT both and avoid misunderstandings.

They spell this out very clearly in Kevin Bupp's pod casts.

Generally, most reputable lenders in this space won't have any significant surprises with terms and fees because they spell them out upfront in the applications that they provide before you move forward with the loan underwriting.5. 

All the bad spelling above.  

Our mortgage at the moment is around $2100 including taxes and insurance, this would obviously go up if we do refinance.

I've been managing 70+ midterm rentals for over 3 years and we have never housed a traveling nurse - in our area, their stipends (or what they are willing to pay) are much lower than we can get in rents with other prospective guests/tenants.Utilities are included at all of our properties and that is common practice here.