Jay Y.
Property manager charging tenants a lease renewal fee
Hello all,So I found out my property manager is charging my tenants a $200 lease renewal fee for renewing a year long lease. They are charging me $150 which I'm fine with but it did kind of catch me off guard that th...
Mag Chan
Can a property management company charge me extra for utilities?
I own some rentals in Indianapolis and recently found out that my PM is charging 15% extra on my electric bills. Is that even legal?
Mike A.
Dropping TenantCloud due to increase in fees. Who do you use?
Sadly we're moving away from TenantCloud as they are now going to be charging $1.25 per ACH transfer. Since we have dozens of tenants, this is not going to go well. We've already informed the tenants of the fees, an...
Brandon Penn
Arguing over a security deposit
So It's a discussion I've had with so many people on both sides of the table. I don't know why, but there always seems to be a lot of confusion about whether a tenant deserves their deposit back or not. I've seen it o...
Account Closed
PM Missed this
At the walkthrough after the tenant left a couple of weeks ago, the PM missed damage to to lower shelf in the kitchen. He did open the cabinet under the sink and took a look, and went on--didn't open other cupboards I...
Andy N.
Management question
I have a 48 unit that I just switched to a property manager. I am being charged 8% of gross rents as a management fee. This is a new property to me and I've been using the manager for about two months. I was drivin...
Nicholas J.
Appraisal review fee??
I just received my closing disclosure and questioned why they are charging me $500 for an appraisal when the it cost $400 from the report. Their response was they charge $100 for an in house appraisal review fee. Ne...
Jim Keller
First mobile home flip in California
Been working for months to get short sale approved on a triple wide 443 mobile home thats 1,880 Sq ft and sits on a 70,000 Sq ft lot. The bank has approved $184,000 and our contractor has given us a $39,000 repair p...
Bob Drew
Tenant asking what kind of dog to get
I usually have a no pet policy. I liked a young couple who saw the house and agreed to be open to them getting a dog as a pet in the future.
Now they are asking me what dog breed is acceptable. They are willing to w...
Pat Martin
House Hacking for beginners
I’m thinking about having a friend move into my 4 bedroom, 3 bathroom house (I live by myself currently). How would you go about determining rent?My mortgage is $1,892 per month.
Heres what I came up with:
Rent $500...