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.

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

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.

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.

I understand that rents will go up over time and my mortgage payment will pay down the principal, but it seems like investing the $1.43mil into rental properties and/or a low fee US stock market fund may work out better for me. 

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

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.

And I don’t know if they’ve ever given up a power they took or a fee they’ve imposed. 

You will pay for the higher risk with higher rates and origination fees but if the deal makes sense then congrats.