generally the older the properties the higher the fees due to the cost of maintenance rising property taxes etc Fees also increase over the years but they should be matched to a well kept property as @Nick Britton said read over all the condo docs and especially the budget paying attention to reserves,expenses etc .I have lived in the Palm Springs area for a number of years and have see condi fees as high as $1000 per month on some of the older properties.If you a re looking at a investment in this area it has a host of problems as you noticed,rising fees is a big one.

I just signed up with Bigger Pockets and I am looking forward to this community and forum. 

Push the money into federal municipalities, state municipalities, and paying off your most profitable property in my opinion.Federal and state municipality funds are tax free investments, and mine perform in the 8-9% range, which means tax effective 11-12% range, equal to that of a decent cap return for real estate, plus they usually pay monthly.on top of that, the last thing the states and feds wont pay is their water, power, and sewage bills, hence why its a good steady flow of income.Also, it gives you three sources of solid residual income.

Hey everyone, my name is Daniel Wolcott and currently enlisted in the Air Force stationed in Colorado Springs.

She does not have any documentation on the mortgage, but I show the mortgage in 2004 for $74k and the last assignment being in 2013.I show 4 years of tax liens held by various investors totaling about $5k before interest, also a water lien and code violations.  

It has been very well maintained, however, 75 is 75, its not a spring chicken. 

Annual Operating Expenses Real Estate Taxes $14,650.00 Insurance $6,874.00 Water and Sewer $18,171.00 Snow Removal $0.00 Trash Removal (ROT $60 x 12) $3,768.00 Electric $10,594.00 Gas $9,803.00 Oil $0.00 Legal (rule of thumb) $500.00 Management Fees 10% $0.00 Repairs and Maintenance $49,329.00 Other (Turn Costs + Onsite) $41,222.00 Other (Onsite Manager) $24,000.00 Total Annual Operating Expense $178,911.00 I'm thinking this is a pretty easy fix.

So about a month ago we had a pipe burst in one of our unit, water ran from upstairs bathroom down to kitchen and into basement. water remediation company had fans and dehumidifiers in that tenants place for about a week running continuously. their utilities bill webt from being approx $50 normally to about $108 dollars so around double. theres 3 roommates in that unit and each one got a $100 disount for that months rent to compensate for any contractors coming in and out and not having hot water for about 5 days. my question is should i pay for the additional electricity used caused most likely by the dehumidifiers and fans?

Hi, I'm an investor in a single-family home in southern CT. We completed refurb and got it listed in September, but it's not clear it will get an acceptable offer by November, then it gets quiet for sales. Therefore, ...

Installing a hot water tank is $600.