My units are well updated and I’m able to collect higher than average rent for the area.

Here is my situation: After extensive rodent damage to our carpets, our property manager indicated that they will be replacing the damaged carpets with vinyl plank.

I used to own a property management company and charged 7% of rent collected.

We can continue as is (rent & principle, as well as collecting monthly for property taxes and insurance)- she is ok with a slight increase to her rent (keeping sale price same). 

Such services should include:- Creating enticing market listings and ads promoting the property at its best for high demand- Rental market expertise to provide recommended rent amounts for your property's market without recommending an inflated rent amount scaring away potential tenants or recommending a deflated rent amount causing less of a return monthly- Physically showing the home to potential tenants- Collecting/depositing monthly rents and bill paying- Vetting/screening applying tenants or managing non-paying/troublemaking tenants- Resolving maintenance repairs by hiring professionals to care for your investment- Turning your investment property move-outs quickly for new tenant placementLook for all of the above listed services and more when researching property management companies to receive the most return on investment!

Purchase price: $125,000 Cash invested: $35,000 Sale price: $235,500 Extensive full home remodel includes structural remodel of a new staircase with pantry built underneath.

Calculate how much you could collect from rent and subtract that from the monthly mortgage.

Purchase price: $125,000 Cash invested: $35,000 Sale price: $235,500 Extensive full home remodel and structural remodel including a new staircase with pantry built underneath.

We never collected deposits and she hadn’t sent verification of income until after we told her we rented to somebody else.

As a % of collected rents and cost it's insignificant.