I'd list the website link and detailed instructions on the memo for the tenants to follow to properly deposit their rent every month.

Thanks for the input.I understand that the IP address associated with the computer is logged, but when using a router, the IP address of the router itself is the only one that the internet provider sees, so all of the individual users are "hidden" behind that router.

>Tenant Procurement/Placement – could be percent of monthly rent or a flat feePictures, 3D Tours, etcAdvertising prep and determining market rentProperty advertisingAnswering inquiries (phone/text/emails/etc)Scheduling showingsShowingsApplication processingLease signings and MoveInsFollowing up on all of the above, hopefully consistently updating owners>Maintenance ChargesCommon: owner agrees in contract that PMC can perform work without owner approval up to a certain threshold (Example $500) or in an emergency.Questionable: owner doesn’t find out about charges below threshold until they get their monthly statement.Hourly – PMC bills at hourly rate depending on type of ServiceTech sentEXAMPLE: Owner billed at $65/hour for handyman workMarkup is hidden in that rate as highly unlikely PMC is paying their handyman the whole $65/hour.PMC or a subsidiary billing – PMC submits bill from their companyEXAMPLE: Owner receives a bill for licensed HVAC work on PMC form.Owner does not get the licensed mechanical contractor bill, so has no idea of PMC hidden markupTransparent – original bills from all contractors sent to owner, PMC charges a pre-approved markup for their time to handle.EXAMPLE: Owner receives a bill for licensed HVAC work on contractor’s form.Only challenge is some PMC’s get illegal kickbacks from contractors owners don’t seeThere are then many different IF -> THEN fees to cover evictions, emergencies, filing insurance claims, etc.WARNING: never assume you won’t be charged for something unless it states so in the management contract!

The closing agent is a sufficient escrow agent, but if I am not going through a closing agent I have the funds held by my Atty along with specific instructions that the lender and I both agree to in writing.  

This is from the IRS website, instructions for filling out form 5695.

Are there hidden cost that are associated with purchasing foreclosure property?

Just discovered bigger pocket, felt like just found a hidden gem.

Hello friend I did the same as you, in fact I got the idea from a seo page that gave me the instructions to do so and it served me a lot

I ended up Ubering her to closing.Problem: She didn't bring her ID to closing.Solution: Her granddaughter received instructions to take a picture of the ID and send it to the attorney once she arrived home.A couple of days later, the attorney reached out and told me that both the seller and buyer documents we're ready to go and to notify both parties that we would be set to close for the following day.

The Realtor has a fiduciary responsibility of obedience, which means they must follow your instructions as long as they are legal.