For example, I mention that every adult must pay a $30 application fee, pass my credit/criminal background, make a combined income of 3x the rent, and whether or not the property accepts pets.

I guess a flat seasonal fee like any insurance policy, sometimes you win, sometimes you lose.

(And no, the "acquisition fee" or carried interest at the end of the investment are ******** answers to "most of my net worth is in the deal").When the investor, whether it's a 27 year old putting their first $50K or $100K into something, or a 45 year old worth $15M putting $9M into their business idea, goes all-in, that's when my ears perk up. 

Managing a property can be incredibly rewarding, but it does come with its fair share of challenges—especially with the recent shifts in Rhode Island legislation.In 2024 alone, 39 bills were introduced, and seven significant ones passed, including extended rental terms, mandatory fee disclosures, and other updates that every landlord should have on their radar.

And in that case, you would still need to sue but then you can only sue for the unpaid balance of the agreement and you will have to attempt to locate the debtor.I would make sure you have a clause in the contract that states that if they don't make the repayments as per the agreement, that attorney's fees, late fees, interest and some other penalties are payable.

I use Buildium for tracking rent, fees, leases, and collecting online payments, but I don't use their reports for much, as I end up copying my online banking each year into spreadsheets.I've been using Rental Hero for the last hour and already impressed with it.

Common deductible expenses include mortgage interest, property management fees, repairs, and even travel expenses related to property management.

I have signed for the exact same program last month but they eem to hire disrespectful Frat jocks as employees who insulted me a fee times and get mad at me.

For now, it Looks like your roommate/tenant can cover half of your mortgage (plus hoa fees). 

Understand the fees involved and calculate the total cost for an entire year of management so you can compare the different managers.