A great book on the overall subject is Jonathan Tepper’s “The Myth of Capitalism: Monopolies and the Death of Capitalism”.

But once I got the bills, I increased the rent with the tenant's approval and signed an addendum to the lease stating the rent increase would be X and the owner would take over utilities.

This would increase the benefit to where the fee would not be so outrageous that it would hinder the investment.

Despite higher interest rate environment, there's reasonable probability inflation will still continue - thus increase hard asset valuation.

Top 3 reasons owners hire PMCs:1) No time to manage correctly2) No time to learn how to manage correcly: laws, documents, processes, etc.3) They're too nice and need someone to "save them from themselves"A good PMC can usually earn their fees by better managing the property/tenant than the owner, thereby:1) Increasing owners net profit2) Decreasing owner's time commitment, stress, headaches, etc.No matter what though, you should always plan to commit a couple of hours a month to manage your PMC.

There are always ways to increase the value of most homes, but that is also a crap shoot.

And during inflationary times, our rental rates increase.

Today (one day before closing) (December 5, 2024), my loan officer reached out to me and said a few things came up last minute and we will not be able to close tomorrow--in fact we cannot close at all my the rate lock which ends tomorrow and he cannot extend it.

However, on the renting side, we have seen an increase in inventory of days on market too. 

Capitalized costs increase the basis and depreciation deductions over 27.5 years.