@Mike Todd I have found that those companies usually have a lot of hidden fees, limitations, and charges; i.e. a limit to transaction amounts, amount of transactions, etc.My recommendation would be to find a Broker in your area with some experience and negotiate with them about your compensation split.

Which is why I don't understand how landlords can charge such high rents relative to the cost of owning.

@Stan Butler , I would go with the 2nd option, having the rent be due on the 20th, but I would not charge them any extra for that (not a good strategy in sluggish economy).

Then, I charged a 250 pet fee instead of deposit so now I'm up 2,700.

(Smaller tenant pools, can't charge as much rent relative to ARV, etc.)That's a really interesting business model.

.$300 cash flow doesn't leave you much room for covering unexpected expenses, for which there will definitely be some.

She explains in the lease the date that rent is due, usually on the first of each month, and then she specifies that after a certain number of days, there will be a late charge added on top of that rent.

Anyone can buy a house, but only a licensed real estate agent/broker can charge someone a commission in a real estate transaction.

In a fix and flip that probably wouldn't be a problem, but in a buy and hold situation that might create some big unexpected expenses.

Priceless.And the pitch, I guess, is 'A collection agency may charge 50% of what's collected... and 50% of $0 is $0.