Quick repairs, great communication, and proper serving of notices go a long way to ensure rent is coming in routinely.

Contractor is my regular HVAC guy and he knows the routine.

If the condo board makes an assessment like the OP describes against each owner for a routine maintenance item like ocean sea air degradation to exterior, then the owner would be out of pocket and have no choice.

Also, with tenants make sure to get everything in writing (i.e. lease, even routine maintenance items that you fix in their unit).

You want to work with a company that provides excellent guest communication around the clock, pays and schedules service providers, verifies their work to ensure quality, and handles routine maintenance and restocking.

I also, and this is just me, think that if a property routinely rents to the first person who views it (and that person is super excited about what a good deal it is) it's underpriced.

I had a lady who would routinely get in fights with her boyfriend, and after he or she would damage doors by kicking them they'd expect me to fix it for free.

Here is my routine: I introduce myself and my client, talk about weather.

So about 23k, plus you have to factor in vacancies, routine repairs and maintenance, repaining the place every 5 years or so, and any other expenses that come up, such as power and water expenses while showing a vacant house.I have three townhouses right now, two at 1% and one that i'm living in now that will be around 1.3%.

It's easier to hold yourself accountable when there's a routine.