The building has some deferred maintenance that I have been dealing with.

I budget 10% of rent for repairs, maintenance and capex.

A successful rental property should offer positive cash flow, meaning your rental income should exceed your monthly expenses (mortgage, taxes, insurance, maintenance, etc.).To find the right tenants, ensure the property is priced competitively within the local rental market.

However, I read some bad reviews about them. 10% service fee from landlord, plus 8% from tenants.

"I'm at the point where I've gotten out THE lease and it doesn't have anything about locksmith, however the maintenance, repairs section states, " All normal repairs necessary to maintain premises in a tenantable condition shall be done by or under the direction of the landlord, and at the Landlord's expense, except those caused by negligence or acts of the Tenant, which repairs shall be made at the sole coast of the Tenant. 

They are usually looking at C or D properties that local agents tell them will “cash flow“ They usually don’t cash flow because of high maintenance and vacancy.

any lender wants to know how you plan to service the debt.

[Disclaimer: This information is a service to Clients and other readers for educational purposes only.

They are often located in lower-income neighborhoods and may need maintenance or renovations.

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