Turnover cost is your highest expense as a landlord.

By the by, this is what he sent me:"The Tennessee Landlord and Tenant laws allow me to charge up to 10% as a late fee.

We've got thousands of discussions and hundreds of articles on the topic of landlording and property management, so be sure to dig in.

As Bill Gulley said, it might be a Sub2, and you then take the owner (landlord) position with respect to the existing lease.

My concern is being a landlord from a distance and would prefer to move the property as quickly as possible.

Just wondering if you landlords out there institute automatic annual rent-increases.

We are now at the point where we need a good recommendation for an affordable property management company that communicates properly with an out of state landlord and will not take advantage of that situation.Thanks in advance for any help.Brian Rhodes

Bird Dog (find good deals for investors- if this is legal in your area)Sign leases for a landlord.

Hopefully you hold title in a tightly maintained LLC, that's preferably NOT a 'sole member' LLC.However, it does need to be addressed immediately, a local investor friend of mine just got nailed $2000 for failure to clean it up on time & his units are empty, & he can't rent the units or sell them until its done.It appears that his local Bldg Inspector was roaming the 'hood for violations & had several local landlords in housing court.Lead Paint ramifications are a serious issue that is haunting our local landlords, esp the uninformed.good luck & keep us updated...

Do you want to be a landlord?