It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

When you do sell reserved spots, do you include it in the lease or have it available as a monthly (or annual) add-on?

MF is much more efficient and cash flows much better; it is great to have many tenants under one roof. 10% for PM is pretty normal; but watch the add-ons for getting new tenants and arranging calls, visits etc.

The owner occupant exemption for school taxes is a credit for the amount of the school tax, not an add-on as you suggest. 

Add on 60 day close, that's 5 mo before you see your money and you're paying a note on a vacant house.

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

We are looking at amenity packages as well as add-on features such as "Fill the Frig" and "Book an adventure" concierge-light type activities. 

Freddy,To add one more caveat onto the great advice from David is banks typically like to see 2 years of rental income from a property before they will allow you to count it as income.

Comps were going for around $275 sq/ft in this neighborhood of Dallas, and there was a big yard, so I could add on about 1500sqft.