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28 January 2025 | 27 replies
Never heard of a voucher tenant being responsible for maintenance and repairs, rental licensing fees, lead testing upkeep, cap ex, reserves, book keeping and tax prep......and even if you self manage, it takes up your time and should be treated as an expense because its taking away from your ability to earn income elsewhere.
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24 January 2025 | 3 replies
Then do a thorough research on tenant applicants (note: leaving this to a PM may be hazardous to your financial health) and choose the one that is most “stable” with the best potential for long term tenancy.This advice is contrary to maximization of rental income, but IMO will reduce expenses of tenant turnover, property damage, property management fees so much that the difference in bottom line income will be quite small.
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10 February 2025 | 31 replies
A recent example, “How much is the monthly association fee?”
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21 January 2025 | 3 replies
If you’re considering other custodians, I recommend focusing on those with a strong reputation for consistent customer service, transparent fees, and ease of account management.
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1 February 2025 | 56 replies
Syndicated deals can be opaque, with high fees and limited control for passive investors.
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13 February 2025 | 22 replies
I.e. say your plumber has a fixed $150 service call fee.
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1 February 2025 | 23 replies
I have RentRedi charge them a late fee after the 4th day if rent is not paid.
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10 February 2025 | 24 replies
I have heard so many people getting charged the "fees" for signing up for a free CD.
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16 January 2025 | 8 replies
It likely is out of date as to cost as this info is quite old (my guess is 5 years but it could be longer):- Rent Recovery Service: offers flat fee service starting at $20. 3 letters start at $30.
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15 January 2025 | 15 replies
Are you not charging the guests a cleaning fee?