(He technically has the money but because he is unsophisticated and a little sketchy he’s having a hard time dealing with this discrepancy) The more I learn about him I find he is a drug addict with an ankle bracelet and history of violence.

The amount you charge is typically calculated based on number of tenants on the lease and/or the size of the units themselves.Friendly reminder to check if the amount of projected RUBS in your business plan is over the actual amount of utilities that the property incurs.You cannot make a profit from billing back utilities unless you have a specific ability / license to resell utilities.If a T12 says the current owner is charging $80 in RUBS but the expenses only add up to about $60 per tenant in utility charges, there’s a discrepancy somewhere.#15If you’re starting off in real estate, don’t get caught in the analysis paralysis of not knowing where to invest.

However the discrepancy in pricing between the east side vs west side has continued to widen, leading to people opting for west side.In addition I like Vineyard, Draper, and Eagle Mountain/Saratoga Springs.

No big deal, but the point is my super simple database and recordkeeping system was able to discover the discrepancy and I also found that my CPA's records were $30,000 or $60,000 off (can't remember).My point is; Quicken makes bookeeping super cumbersome and because there are so many screens and crap you don't neet Quicken makes your bookkeeping prone to mistakes.You don't need Quickbooks.

Its your job to know the $$ you are expecting and be sure the documents reflect that.....or don't sign them until the discrepancy is cleared up....once you sign it's a done dealYou have zero case with the tenants......all you can do is raise hell with the real estate agent.... that's your only hope.

I keep files for each property by address, with a subfolder for each individual unit, which in turn have subfolders named RTR, movein (if any discrepancy IS noted by tenant at walk through inspection), moveout, or specific incident (water leak) followed by six digit date they were taken IN THE FILENAME (separate from the file date generated by your system).

My purpose here is to position myself in case I see a material discrepancy between my purchase price and the value that a disinterested third party (the appraiser) places on the property.

The discrepancy could be that she doesn't include property management fees, since she does it herself.

Why is there such a large discrepancy in the two indexes, and why are they both relevant/significant?

In this case, the tenants were already found right before we closed on the property, so there is no advertisement.I have read several threads here that state you get better applicants lower than market because the people at the higher end of the market ($1200 would be the highest rent point in the market) you get people that don't care about the price because they aren't going to pay it.The reason for the price discrepancy is because I wanted to rent it easily and not have to wait months and months in the winter to find someone.