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Like a lot of cities, one of the ones I happen to invest in charges an annual $50 registration/renewal fee per each SFH. Typically I pay it, no questions asked, because why would I have any questions? However for some...
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What would be a typical management fee that a RE management firm can charge on managing your property? I know most would charge certain % on the initial rental (setting up with a new tenant) and another % for the ren...
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So I’m closing on my first house in a couple weeks in the greater Orlando area. I’m gonna be house hacking, so I’ve been reading the landlord tenant laws for Florida (chapter 83 part II). I can’t find anything about l...
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Hi,I would like to talk to other people who are investors with Spartan Invest in Alabama to see if they are seeing similar issues.A little background. I purchased an investment home with them around 12/2018. It took t...
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It was always my assumption that 1st months rent for lease up was just that 1st months rent. Recently I was charged 1st months rent plus the 10% management fee. So the actual cost was 1st month +10%. Curious if this i...
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Do you charge a move in fee?
Is it legal to charge a basic late fee and a daily late fee after so many days in Oklahoma? For example, our grace period is until the 5th, then we charge a $50 fee. If someone still isn’t paid at the 10th could we st...
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I have a new STR in 29 Palms, CA and I am using Turno.com for my cleaners. My primary cleaner charges $140 per project but my backup cleaner is $250 per project. The average charge for cleaning fees in this area I've ...
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Legal question: Massachusetts has lots of rules landlords must follow. One of these is that we are generally not allowed to charge fees. My understanding is that Pet fees, move in fees, application fees, etc. are all...
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So let’s assume you have a rental that grosses 40K a year.
Here are your VRBO expenses:
- either $599 per year flat fee or 5% rental commissions.- 3% credit card fee
-3% advance pay fee
- Average of 8% “service fe...