We charge $50 per pet per month rent.

Anywhere that one can buy properties for under $100k is very unlikely to have the rent increases that you will need over time to create positive cashflow, or the price appreciation that you will need to make this a profitable endeavor.

It sounds like there are several of us here with homes with Wagner Nolasco and Build 2 Rent direct. 

The use of the accelerated depreciation strategy helps real estate investors to reduce the tax liability immediately which therefore increases their bottom line due to the offsetting of income.

I just bought a lovely 8 unit last April that had been horribly neglected but have turned it around and done some cosmetic renovations and increased rents.

The property needs to be one we are proud to own and preferably would be willing to rent out ourselves. 

@Patrick Drury what did you think of Propertyware and Rent Manager?

However, I’m actively managing my investment, taking on risk, and improving the property, which has significantly increased its value.

I don't remember the exact cost when I did it but I remember thinking it was cheaper than expected.I didn't see a comment mentioning that you should just include utilities in the rent and increase it based off that so I'll be that guy.

Just sent them a rent increase notice every year.