The least states:"Tenant shall pay a "late charge" not in excess of five (5%) percent of the amount in arrears for each month the arrears remain unpaid if any Rent is paid more than ten (10) days after the due date thereof, to cover the extra expense involved in handling delinquent payments.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.

Quote from @Brandon Croucier: The loans are available but nobody wants to do them.There always seems to be something wrong with the properties, as lenders we just can't make enough $ for our time.9/10 Borrowers also complain about the "excessive fees" for the loan amount.If you are okay with paying 8k in closing costs then the loan is available. 

The issue we are running into is that lenders are not recognizing the excess amount he earns as income, therefore it looks like he will not be able to afford any loans that he would be approved for.

Due to the nature of the shorter lease terms, I am spending an excessive amount of time updating my Excel spreadsheet, MLS, business website, Airbnb, VRBO, and other platforms.

Jokingly he asked during theprocess what price would be a good price to sell at if someone askedhim to sell.Well he has gottenseveral calls, but one actually threw a number out before they havedone the due diligence, that got his attention.

Some owners expect their PMC to actually be a personal assistant:(How did you set expectations for this client when onboarding them?

Again even if you have great credit as you start to add more credit cards, mortgages, auto loans to your credit you can also be viewed as "High risk" due to Excessive trade lines in credit or higher DTI - debt to income ratios. 

Well I guess because it does require real work they have to actually find the deals coordinate the rehab and get them sold..