@Sam Leon In our case we provide complimentary Internet as a side effect of having fibre dropped into our properties for our property monitoring system.  

I encourage you to start monitoring Craigslist on a regular basis (even when you have no vacancies) so you have a really good handle on market rent, comparable quality and features, move in specials, and what the market can bear for security and move in money.This is tax return time,w hen folks have the most move in money available.

we have automated the rent collection process using rent monitor.

We then set perimeters by which we would approve use of a space heater as a temporary measure and monitored his compliance with proper use of the space heater.

House sitter" - {not yet universally available} - Tenants can monitor their home from their smartphone.Internet (FibreOp) - we require internet access for our building monitoring system, so we make basic Internet (30Mb/10Mb) available to our tenants"Take me Home" - {for our student tenants} - provides the tenant with a cab card for one of the local taxi providers.

For those that have been monitoring this thread, like I have, Money360 apparently has revamped their website and has been actively closing commercial deals.

The electric only becomes an issue when they run the AC any you could probably monitor that and bill them accordingly.

I don't want to recreate what full service PMs provide, but I do monitor my portfolio.I nearly always have my tablet with me, so expect cloud-based service.

There is much less bad debt for commercial loans compared to residental loans because they are monitored more closely and the banks generally hang onto the loans and you can be sure that they are going to be more careful when they are lending out their own money vs. somebody elses.

Your basis for the building in 2010 would be 200k.You will separately as of the completion date depreciate the FULL 40k in improvements based upon 27.5 years.In 2011 you will continue depreciation on the building.You will continue depreciation on the 40k in improvements.You will separately as of the completion date depreciate the FULL 20k in improvements based upon 27.5 yearsIf it was already rented in June: 2010 depreciation calculationPurchase Price: 200k +Improvements: 0k -Land: 25k Depreciable Basis = 175k Recovery Period 27.5 Years Full years depreciation: 6,363.63 Business use 50% = 3,181.81 Available/rented 7/12 months = 58.3% Building Depreciation to be taken = Improvements will be depreciated separately starting on the date completed a full year would be 40k divided by 27.5 = 1,454.54 (will be prorated based upon when completed)2011 depreciation calculationBuilding depreciation: 6,363.63 40k Improvements: 1,454.5420k improvements: 727.27(will be prorated)If you need clarification just post here I'm monitoring the topic.