Translation:  So glad you didn't inconvenience me any further than you already have, jerk. 

Translation, she normally charges a fee from the owner, plus maintenance fees, plus she also charges non-refundable fees to the tenant.Does that sound ethical to you? 

This translates to a savings of around $7k for me on a typical deal. 

This will either translate to more work for you or more money paid to a PM.

My current employer purchases narrow body aircraft and leases them to airlines throughout the world so many of the economic principles (prudent asset/liability management, active asset management and conservative cash flow management) and analytical metrics (margin/spread analysis, IRR, ROA, etc) translate well to the real estate industry.I’ve been reading books/blogs and listening to podcasts and 2 things have become evident to me: 1 – the more I learn the more I see how little I know and,2 – there is a myriad of ways to find, finance and exit a property.

How does 36K annually translate to 720K?

I don't know if the shape of the income distribution curve has changed or if it has stayed relatively proportional but simply translated higher.

If you need a "culture translator" just let me know.

We all experience evictions (regular eviction will most likely translate into a 2.5 month vacancy for that year), break-ins/vandalism, etc.

Though most of these are bad for cash flow they typically translate to more appreciation of the property.