All of my rentals fall in the 1% to 1.5% rule, including a newly built 8 unit complex in Barboursville, WV.

Obviously I plan on increasing his rent to market value and switching utilities but hesitate increasing it past 20% due to the fact that during our walkthrough he seems like a solid tenant with a very well kept unit and even bought his own washer and dryers in the unit. 

Appfolio has an option for the daily late fee charge, but they do require a minimum of 50 units to use the software.I would check to see if Buildium offers this option.

I converted my garage to an ADU and now my main house is considered RSO unit since it was built before 1978.

Hi Mark,Sounds about right for a 5 unit.

As some other mentioned there are a good handful of questions to ask such as how they screen tenants, lease units, fee structure and try and ask for references on some of there older clients as well as newer ones as well.

I've seen a few 5-8 units for sale around there over the last nine months for my price range.

Unit was in decent condition so we did a light remodel and relisted.

I good way I have found to generate leads is to call the Section 8 reps' to let them know that you have a unit that you're looking to fill and see if they have any clients who have a voucher that match your property. 

Zoning can be for single family home, 2-4 units and multifamily.