We have a multi family rental unit which uses oil for home/water heating.Our tenants are responsible for purchasing their own heating oil.We are trying to figure out a way to determine when/if our tenant is running out of fuel.Our maintenance person has communicated that one unit has repeatedly run out of fuel, creating an increase service cost on their boiler.I know there are WiFi options to meter usage.

For this cost, $350 for the plus, I am extremely disappointed.

How much does it cost?

Since it's 2024 and costs have gone up, I would increase those numbers to maybe $40 (small dog/cat) and $50 (larger dog). 

The reason those locks charge monthly is because there's an ongoing upkeep cost to maintain the software and communications network that are essential to being able to program the lock remotely.  

You will receive most if not all your benefit in year 1.Year 1 is where you will spend money furnishing the house and potentially taking bonus depreciation via cost segregation study.Year 2 and onwards, assuming you got a performing asset is where things will reverse tax wise and you will likely be reporting positive taxable income.

There is a cost component.

She is currently locked into a lease, but she will be $900 short on rent this month and she says it is getting harder to pay every month.The rising cost of pretty much everything is straining budgets, especially of your working tenants.I see "it is getting harder to pay every month" becoming more common. 

@Isadore Nelsonhappy to help - some of the expenses you're missing would be property management, capex, repairs, and vacancy / turnover.so for example - $1000 in rent - you might have $100-150 in property management, $50-100 in repairs, $50-150 in vacancy and placement costs, and capex would be whatever is coming due soon. a furnace, a dishwasher, whatever.it also generally costs half a month to a full month's rent to place a tenant. 

Cons are the cost involved in (both time and money) and loosing out on having a professional to guide you through the process.