Catherine Bruzon
Property Management - what fees can they charge?
I'm new to this rental property business and not sure what is "normal" with regards to the fees a property management company charges the property owner. I've been using a property management company for the past year...
Colin Ross
Does anyone charge a "call out fee"?
Hi all - I just got my first rental property, and I am writing my rental agreement. I was thinking about adding in a "call out fee" clause, which basically says that if they call me to the property, they pay me $20 (r...
Bienes Raices
Employers charging fee to verify tenant employment?
I went to verify an applicant's employment today and the employer had outsourced this function to a company called "Work Number". Work Number charges a $17 processing fee to verify the employment and income.
Has anyo...
Norberto Ballesteros
Charging origination fee as a discount point
In the course of discussion with a RE Broker, the broker stated that they advised all of their clients to request their RMLO charge their origination fee as a discount point.The intent is to capture the tax write off ...
Sean Dezoysa
Why Do Transactional Lenders Charge High Fees?
I notice that transactional lenders seem to charge about $3,000 to provide very short-term funding to do a double close. Since transactional lenders typically require an end buyer to be in place, it seems to me that ...
Kyle Grimm
When to stop charging a late fee
So my question is, when do I stop charging my tenant a daily late fee charge if he has already paid most of rent but maybe still owes $100 for that month? I have a renter who usually is about a week or two late with ...
Noah Bacon
What do you charge for Pet Fees?
One of the most common questions I see as a Landlord when leasing out my properties is around Pet Fees/Pet Restrictions. When renting with my furry friend in the past, it was not uncommon to run into Non-Refundable P...
Esther Page
What penalty fees can I charge? (Chicago)
Hi All,
How and what am I allowed to charge in the way of penalty fees to tenants in Chicago? Our rental is owner-occuipied, so I'm really just thinking about 1) fee for pet that is not on the lease (we allow pet...
Mark Nolan
Can't Charge Application Fee in MA. Options?
Hi all!So in Massachusetts it's against the law to charge an application fee or to charge a prospective tenant a fee for a credit check.So...What do you do? I really like SmartMove, but I can't say I'm interested in ...
Jeremy Tran
HOA Attempting to charge a "Leasing fee"
Hi Everyone,
I purchased a new-build townhome by Meritage Homes in 2021, during the initial phase of the community development. This is my first HOA property. At that time, there were no rental caps, and the HOA docu...