What are your management fees?

You get some negligibly protections in an LLC too, and possibly tax.

Everything has gone up in the last few years around this home.2nd house is $900 (property taxes increase yearly) now.

Are there any tax implications or mortgage barriers to building a home under the "second home" plan and then converting it to an investment property shortly after its finished?

So, the first question they usually ask a PMC is about fees - instead of asking about services and HOW those services are executed.EXAMPLE: PMC states they will handle tenant screening – what does that specifically mean?

@Joey Gedgaud we take over a lot of properties where owner complains previous PMC:1) Poor communication, taking many days, sometimes weeks, to get a response.2) Maintenance work being done without notice or approval request.3) Surprises for extra fees, services not covered , etc. because the management contract was "simple & short" instead of thorough.

Underwrite allowances for - Vacancy, Prop Taxes, Insurance, Utilities, Repairs & Maintenance, a Reserve Account, and Property Management. 

I am eligible for a $156.00 a day stipend if I travel >50 miles away from my tax home.

With late fees, per the contract, they now owe her more than $50,000 to date.

And taxes?