Now on the upside, we are going to try to use driveway to charge for parking, due to lack of parking in most of the other rentals.

Also, how do title companies determine what fees to charge for the title search?

All of these COSTS, however, will get passed back to the tenants in the form of a CAM (Common Area Maintenance) charge that is typically calculated based on the square footage of each tenant's space, according to underlying terms of their lease, and charged, in addition to base rent, monthly.

I pointed out that with the late charges the total was $X.

The tenants stayed but I raised their rent from the $700 he was charging them to the $900 that the market commanded.18 months later the tenants moved out, I completed the purchased, sold for 25% more than I paid.2.

Exactly what you can charge them for will depending your laws, and may include the filing fees for the eviction, late fees, and lawyer charges.

Weathie: Thanx for the response, you are totally right, this property will never be a winner in terms of cash flow and its keeping all my money tied up, I guess it's just hard to sell it since it's been in the family for over 20 years (you know how it is, emotional ettachment lol) As for the triplex thing everything was done by the book, 3 appartment approved by the city and ive got the right zonage so no problems there.Here's my financial situation : I have a full time job earning me 43 000$/year plus benefits, I've got no debt whatsoever, and I don't have any savings except for the money in this property, a small 3000$ in the bank and my retirement account wich I can't touch.

You're trading maintenance you pay yourself for maintenance charges from the HOA.Some HOAs have hard and fast rules about renting.

Have charge off's, a bankruptcy, or other derogatory info?

For instance if you have tried dieting was there a certain time of day or certain emotion that you felt just before you blew your diet completely.