Nathan Gesner
What kind of late fee do you charge?
What kind of late fee do you charge, and why?One-time charge of $XXXSmall fee that starts on Day X and continues to accrue daily until Tenant pays in fullCombination of a one-time charge and then a smaller daily feeWh...
Ruben Kanya
Is an HOA a deal breaker for a cash flowing quad?
Would you have any pushback or concerns on a cash flowing quad in an HOA community? Is the HOA a deal breaker for you? Slight concern or major concern? If so why?I was speaking to a partner in my network and they had...
Nam Trang
Pet fee, what would be reasonable?
I do not intend to charge my tenants a pet deposit or monthly pet rent. Was thinking of a pet fee in the amount that a deep clean would cost? Carpet cleaning and house cleaning. Would $250 be reasonable and if the cle...
Aref Shehadeh
What should a property manager be responsible for based on the % of rent collected fee?
I have a 4unit and have agreed on paying my property manager 8% of rents collected. My understanding with this is they are generally responsible for rent collection, tenant management, repairs & maintenance (small...
Account Closed
Recording Fee
I recorded a "Deed of Trust with Assignment of Rents" yesterday at the Los Angeles recorders office and the recorder said $70, I said, wow, that seems like a lot for a 4 page document, how come it's so much, he sai...
Dee Tatum
Pet Fees, What Percentage of the Rent Should They Be?
I am considering renting to pet owners. Are pet fees collected monthly, if so, what percentage of the rent should I charge?
Lewis A.
What fees work well in your lease
Most of us charge fees/penalties in our leases. The normal late fees, application fees etc. Can you mention what other fees have worked well for you please?Some ideas to start the conversation.We email our tenants all...
Jimmy S.
tenant did not include late fees
How do you handle late fees if tenant has paid the rent late but did not include the late fees. Do you send them a letter, call them or how do you handle it?Rent is due the 1st and 2 day grace, 3rd day $40 late fee st...
Joshua McLean
Section 8 In the Cleveland Market
Can somebody fill me in on the key things to keep in mind when looking for a potential section 8 rental in the Cleveland area? I want to go multi family, and I want to know what sort of requirements need to be filled ...
Elizabeth V.
Late fees on late fees? Consistently late rent
Hello! I have an investment property in Athens, Georgia, where the tenant consistently pays rent late. In the lease there was a 5-day "grace period." Even with a generous grace period, although the tenant is current o...