If the tenant pushes back I'd feel comfortable with a $20-40 increase.Not a perfect system but its how we think about it. 

This is usually the financials they use from their Accounting system and not concrete numbers but allows you to see how they are doing.

And if you haven’t already you can start putting systems in place to help automate the process of management.

Once you get a large enough portfolio, you could start to build out systems and bring the property management back in-house.I totally agree, that was my plan too :)

great job figuring out a system that works for you. 

I've been renting out for the last 2 years using that systems (room by room) and it works - gross rental yields at 10% in some parts of Lisbon underserved. 

These properties often have systems with about ten years of life left and are situated in neighborhoods with appreciating property values and rental income.The cash flow from a property largely depends on your down payment.

It also tracks who is in what house and all other resident info I might need, and is absolutely vital to our operation.Each of our houses has a live-in manager who, for free rent, ensures all residents are following a strict set of rules and guidelines that is enforced quantitatively with a points system to ensure objectivity and uniformity between managers and houses.  

I wanted to share the financials after 3 years, and demonstrate what three years of real estate investing can achiev3 Bed/1 Ba Single Family Pro-Forma:Year 1 (2021)Income:Rent: $1,200.00Expenses:Mortgage: $509.95Taxes: $119.10Insurance: $43.84Cap Ex: $60Repairs/Maintenance: $60Vacancy: $60Monthly Cashflow:$347.11/mo or $4,165.32/yrYear 3 (2024)Income:Rent: $1,300.00Additional Pet Rent: $75Expenses:Mortgage: $509.95Taxes: $155.43Insurance: $53.03Cap Ex: $68.75Repairs/Maintenance: $68.75Vacancy: $58.75Monthly Cashflow:$450/mo or $5,400/yr (Total/Not 50/50 %)Total Equity: $37,473.88-Principal Equity: $7,959.62I have learned a lot about the systems needed in place to run a rental property, and how important picking the right tenant is. 

Started to look at available systems.