It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

But wait... what happens to the extra $10, you ask?

You might want to spend the extra money to get an atty. to draft the note and mortgage to ensure it's done right. 

It may sound nice to pay a 5% management fee but the extra fees can add up to be more than the other company that charges 10% with no add-on fees.

do you list the property for a price and let the tenant know that there is an extra bill?

I have ways to get the big take down money covered already, it’s the little extra per house expenses  I’m hoping to get access to.

I don't want to create an extra 20 hours of work for myself each week, as we have so many transactions happening.

You could ask her to make a copy of the current key and make sure it works and forgive the extra $50 for it as long as you get it by x date. 

Now, a great way to mitigate that to the best of your ABILITY is through fantastic tenant screening strategies and calling every reference provided to you by the tenants and sometimes do some extra outreach if you think you need to.

We also had a short deadline for closing and going thru the process of a new LLC paperwork and potentially chatting with an attorney would require extra time (that we didn't have).