Also, in a mainstream asset class like value-added multifamily, I see no reason to take a risk on a sponsor that doesn't have full real estate cycle experience or that lost anything more than a small amount of money (and prefer no money lost).

Hopefully, they don't go bankrupt lol - In order to get started with the process, I have to pay $1000 deposit.

Quote from @Rogelio Molina: I just won the bid at a foreclosure auction and submitted my $5,000 deposit and signed the foreclosure sale agreement and we are closing in 30 days.

REI accounting requires someone who understands property management workflows, including AppFolio integrations, capex vs repairs, security deposits, owner distributions, and unit-level tracking.

You may just need to give the right amount of notice.

.- One PM deducts $800 from the security deposit at move-out as part of their “policy,” which isn’t tenant-friendly or transparent.To be clear, I’m not saying PMs don’t add value—especially when I don’t want direct contact with tenants.

As both a landlord and a local investor in Boca Raton, I’ve seen how deposit disputes and inconsistent inspections can cause real frustration for both owners and tenants.That’s why I started offering independent, photo-verified move-in/out documentation services for landlords, property managers, and short-term rental hosts.We provide:Neutral, third-party documentation (so owners stay compliant and protected)Flat-fee inspections starting at $9924–48 hr turnaround with photo/video reportsOptional cleaning or repair coordination add-onsCurious if others here are doing this or outsourcing similar work?

Tenants tell me about lease prep fees deducted from security deposits, annual financial suitability reviews with an added fee, yearly tenant insurance checks with an added fee, pet registration fees (separate from pet rent or pet deposits), annual inspections charged to tenants and other small add-ons that feel like nickel & diming.Are margins really so tight that landlords have to manufacture revenue through these junk fees?

When you are acquire a rented out property it is good to get the rent roll, possibly chat with tenant during inspections (see how they are, if there’s any open maintenance requests, any issues, intent to stay if lease is month to month, etc.)At closing, you should have received prorated rent & the tenants security deposit (which needs to follow your states deposit laws/rules).

No deposit.