they are usually paid for performance.. but some bigger outfits actually bring them in as employees with bonuss'everyone has to eat and pay for gas.

If we pay for the HOA or condo dues, we make sure that they are paid one month in advance, so again they are not late.Insurance and taxes are usually kept in reserve, or we reserve a little each month so that when it comes time to pay we have funds already in their account.

I understand the general concept but I am not comfortable enough yet with the details to accurately explain the positives and potential negatives to my client.

With black Friday coming you can usually find these on sale at a big box store. https://www.kwikset.com/products/categories/deadbolts.aspxIf you are wanting a mechanical push button cypher lock then look at Kaba. 

If you care to make this shiny object of storage any shinier, shoot me a PM and I will gladly share some free resources that new storage investors usually find valuable.Mike

This does usually result in us using more paperwork/notices than necessary with our tenants, but covers our risk for the most part...generally, the  notices have the actual statutes printed on them and if you read through them thoroughly, states the proper routes to take in different situations and when to use a particular notice. 

In my area, the one-beds are okay -- they usually go to single men that pay on time; they are much cheaper rent-wise, so I would have to get one at a steal. 

@Michael J Ralph I have recently seen that $300 non refundable recently also.Not sure if that is the norm or even legal.I usually do a deposit of about 1.5x the rent.

This is about 15 miles away from my usual stomping grounds, so I’m not sure.

The very reason for a generic rule of thumb.LOL Thought Id post my expense averages over the years and remind folks that a 10% PM fee is way too low at least until occupied and stabilized.yes were I see the investors miss is that.. in many markets average tenant stays 18 months.. and hud will only allow one year leases so its not all that uncommon for HUD tenants to move a lot.. so every time that happens PM usually charges one month rent for placement. so you cant run numbers like your not going to pay placement fee's for 5 or 10 years you could pay those 5 to 10 times..