Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

On the east side, in Redmond, we are currently living in a property worth probably 1.6 with about 600K outstanding - and a monthly payment of about 4K including mortgage, insurance, property taxes etc.Looking to leave the area.Does it make sense to rent it out given that I’ll probably get 4K in rent?

A lot of long-time landlords do things to save money like rent out illegal ADUs (not up to current safety code) or accept under the table rent payments to not report it the income to the IRS - they're just asking for trouble doing this in a pro-tenant city. 

are you and your partner both listed on the deed - this is tenants in common where each person would report his / her share on his / her return(assumed unmarried partner)If the property was purchased through an LLC, there may be a separate partnership filing obligation(assuming unmarried partner)Also be mindful, that normally only one person can take advantage of treating the STR as an active property on their return.

In Virginia you can include these in your selection criteria but you do run risks if the database is wrong or you get the wrong person in your background check.Think carefully before establishing your selection criteria because you MUST stick to it.

I will not even begin a project unless I have a good idea bout my team members including the contractor.

Currently I have a 3/1 attached to a 1/1 and I include the utilities in the rent.

Earthquakes are a risk everyone reluctantly accepts, including 88% of all CA homeowners who also don’t insure for it.

HUGE time saver.Individual property accounting - keep track of how profitable (or not) each individual property (or unit) is.App for tenants - so they can look at their balance, make payments, report maintenance issues.Rental applications and tenant screening - Accept online rental applications and then run credit, criminal, eviction checks on them easily.Market your vacancies - getting a vacant unit filled with a good tenant as quick as possible is critical, and good software will help you market those vacancies. 

I was not aware that it will solely be based on the work done rather than also including market comps.