I also like the idea of documenting any late payments so I can have that information in case I need to evict a tenant for chronic late payment.

I posted about one property that seem to have chronic kitchen drain backup problems.  

Low levels of CO in your living environment can cause chronic health issues.

Your mention of a "blue hue like bread mold" on the surface of shoes points to a chronic humidity issue.

Chicken little has been diagnosed with severe emotional problems stemming from chronic depression.

I struggle with chronic depression and anxiety and I'm sick of dealing with this stuff.I'm a sharp kid and I learn quick.

An investor who chronically makes these mistakes will not long be an investor.The common mistakes made by experienced investors are a bit more subtle, but are perhaps even more damaging because over time the costs are compounded until the entire portfolio is affected.1.

So technically, there's a built in grace period, but for a chronically late paying tenant, you could post the Pay or Quit Notice on the 2nd.If the rent and late fee isn't paid by the final day of the Pay or Quit, the eviction is filed.

If you are really concerned about a meltdown make sure buy in Auckland as we have the lowest dips in recession and a current chronic housing shortage.

Also, while some of the tenants are ideal a few are chronically late and one extra benefit of the rental increase is to install a regimented system of accountability for paying rent.