While it might feel like an extra charge to tenants, these packages often provide value that indirectly benefits the property owner as well—like reduced maintenance calls or ensuring the property is better protected.In my experience managing a large portfolio of properties, these fees are becoming more common due to the thin margins in property management.

How is PM charging you if the agreement is over?

Hi all,Happy New Year! Just purchased my first STR in Sevierville, TN. Closed mid-December and was able to get two bookings for the holidays. I know January and February are slow months, but looking for suggestions to...

Try to see the property yourself if you can (was out of state initially).

The lender does charge the flipper 4 points upfront, and the note represents 55% of the property’s ARV, so I’m not too worried about needing to foreclose if it comes to that.The lender uses his own capital for initial funding and then sells off the notes after that.

The replacement shelves were ordered individually, I was charged the initial inspection fee to tell me the shelves were missing, the cost of the shelves plus markup by the PM, and $67 an hour to "install" the shelves. 

Trying to match the color that is already on the wall is just about impossible, even with left over paint from the initial painting.

This will show you more evidence of the fees they really charge.

I warn them that a cancellation - for any reason - will result in charges.

I would never form an entity with them when I can do it online with a firm that charges a fraction of what they charge).