Hello Everyone, What is the standard practice for applying (or not) both of the following in the first month of a new tenant placement: 1) the monthly property management fee; and 2) the leasing fee (1/2 of the monthly rate)?

And maybe I do it for a flat fee but you only pay me after the first year.. ( I don't need the money  now LOL)  how would that rock the industry  :)  And if your unhappy don't pay me and maybe I charge a flat fee of 2500 or so.. .not the 5 to 10k these guys add on top for marketing fees.anyway just spouting off this morning... clouds are lifting I think I will go practice some ILS and GPS approach's and forget about real estate today.... :)

First, know and abide by the terms of the landlord-tenant law for your jurisdiction.Second, learn the ins and outs of landlording and best practices before entering into a legally binding rental agreement.Third, your lease will determine what options you have available to you.

@Patrick Philip, A 1031 exchange in practice is you selling an investment property and buying replacement properties under a strict process documented by an independent 3rd party the qualified intermediary.  

From a practical standpoint, the payback on energy efficient technologies is mixed at best.

REI for most as it is practiced here is more of what I call a Mark Twain portfolio: "Put all of your eggs in one basket, and then watch that basket very closely".

I still have to put up with poor practices. 

So, my questions are:(1) Is it practical to rent out the basement as Airbnb, but the main floor as the long-term rental? 

Real-estate transactions are highly specific, and you need highly specific advice for each one.I have spent what most of you would consider and exorbitant amount of money on real-estate education, but not until after I had already consumed AND put into practice what I could learn for free. 

I know why someone would want to do it but do not think it is a good practice.