Rents - gotta have rents!

[Deborah Burian]

I knew the prior owners were having to pound on doors to collect rents and we're just not going to do that. I think it's important to teach tenants early and firmly, rents go to the post office, on time, if not on time, late fee must be included, if later than 5 days and we haven't communicated, there's going to be a problem. Having completed a thorough due diligence, I expected this to be a learning curve for them but am still surprised that on July 1st I received, count 'em, NOT ONE RENT CHECK!

If you want to be further amused, here's the post...

http://www.biggerpockets.com/blogs/3976/blog_posts/28517-rents-i-say-where-are-the-rents

If anyone has had brilliant success with this kind of transition, I'd love the feedback.