.: I was told by my PM at a recent move out it was now considered normal wear and tear and you couldn’t charge for it. 

Quote from @Jennifer Fernéz: It sounds like you are embarassed to charge the $50 fee.

You should vet the company to ensure they have the resources to pay the rent.You ALWAYS do background checks on the people living in your property because if you let in an axe murderer and they harm someone, you are likely to get sued.Whether or not you charge an application fee is up to you.  

As soon as I signed up I was charged $997 WARNING!!!!

I'm curious why I did not receive it, as I paid in full, and it is already on my credit card!

Sometimes I'll tell them not to fix it (a punch hole in the wall) and I'm charging them for it.

Maybe points charged?

I was able to fund a brrrr deal using 0% interest rate business credit cards ($95k across different cards), I didn't have to deal with lenders and their high interest rates or their draw request process to access renovation funds.

You would borrow against the equity at 7% or more, then use the money to pay off a credit card?

We simply charged 1% service fee.. so if the coupon ( in those days was 15%) We dragged 1% and divided up 14% to our fractional owners..