Management fees, new tenant fees, service/repair fees... they all make sense to me. But a fee to renew the lease for a tenant wanting to stay another year does not. To me, if the tenant wants to stay, that just m...
I recently purchased a tax lien from the state of Alabama. The tax sale date is 5/23/2017. I went by the property multiple times. There was no indication of someone living at the property while waiting to the certific...
I currently rent out 3 rooms in my home. I have a rental agreement with each tenant-roommate that says when rent is due. Can I Iegally charge late fee per day if rent is not collected? Obviously I would get that in wr...
Commercial property management company charges 5% of monthly gross income as its fee, which includes CAM income. The tenant's lease is NNN and property management fees are considered a CAM charge. If the tenant is pay...
I live in MD and I currently have a lease that mentions the following about late fees: "5% of the monthly rent for every day the rent is late after the 5th day rent is due". I bough the contract from eForms.com. My ...
I live in California. The property manager for our HOA charges $35 dollars per hour (minimum of two hours) to find a homeowner requested document (which is in a computer). This is not supported by California Civil ...
Question for all of the self storage investors out there...is it common to charge fees such as acquisition or asset mgmt fees in self storage syndication deal? I know these are common in multifamily syndications but w...
I have a mortgage broker who I've used on a few deals. In fact, he just performed a refi for me, so he is intimately familiar with my financials. I was starting to shop for a loan for my newest planned acquisition and...
Hi everyone! I’m in the process of purchasing my first investment property. After months of analyzing and looking at potentials, I finally found a property to make an offer on. The agent I’m working with who is very b...
We've been using Venmo to accept rent payments. It has its pros and cons, but one of the pros has been the lack of fees. Beginning August 2, they will start charging 1.9% for accepting rent and 1.5% for sending an ins...