High real estate taxes and older homes requiring a lot of repair and maintenance. 

Thus, the cost of doing business requires and demands that the PM company charge more and various fees just to stay in business--never mind making healthy profit. 

The original budget was $25,000, but we hired a contractor who did subpar work, requiring us to hire another contractor to redo everything.

Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Even of they do not pay, this judgement will haunt them every time they try to buy anything that requires a credit check, even renting their next place.

To offset these costs, your association requires owner-landlords to pay an annual leasing administration fee.

Eventually, laws were passed that required the Banks to accept Replacement Cost coverage.Suppose you loan $500,000 on a property. 

The latest conversations at the city council meeting was about the various aspects of enforcement, part of the plan is to require the vendors to place Caps on accounts that rent in areas where this legislation has passed. 

In order to minimize the amount of time you'll spend hands on managing, I suggest finding a good cleaning crew and an on-call handy man or maintenance company.

Due to item 1, adding an ADU can require years to start achieving any return (once the accumulated cash flow recovers the initial negative position).4) Adding an ADU is a slow process.