Common fees will include a set-up fee, a leasing fee for each turnover or a lease renewal fee, marking up maintenance, retaining late fees, and more.

Tenants should definitely not use common areas to store stuff or use the common area electrical.Document everything via email about notices, and just do everything politely and with respect.

I’ve been working in lead generation and data research for the real estate space for about 10 years, and I’m curious to learn from investors here —What kind of property data or insights do you find most helpful before deciding to go after a deal?

The people who do best with it are the ones who set very clear expectations upfront and protect common areas like it is their job. 

what kind of earnest money did you put on the table?  

Since both units are on month-to-month leases, you actually have plenty of flexibility because the seller (or you after closing) only needs to give 30-day written notice to one of the tenants.In my market here in Idaho, it’s very common for sellers to leave the tenants in place and let the buyer handle the notice.

Quote from @Austin Fowler: Would love to hear from people actively raising equity capital for deals and the kinds of returns you routinely project to attract capital.

@Lakita Woodson,Well said, this is exactly the kind of year-end prep that separates reactive landlords from true investors.

Quote from @Ashton Solis: Quote from @Max Yuan: What kind of websites have you used so far?

Who knows if those brackets were considered acceptable whenever they were installed or not, or who installed them, or who knew that they were the wrong kind.