I saw where I can collect rent payments on Zillow, but it didn't say anything about late payment fees, so I'm unsure how that would work.

My lease states I am not responsible for collecting the rent, the tenant is responsible in making sure I receive the rent. 

Also, focus on 2 years of job/income stability.Class D Properties:Cashflow vs Appreciation: Typically, all cashflow with little, maybe even negative, relative rent & value appreciationVacancy Est: 20%+ should be used to cover nonpayment, evictions & damages.Tenant Pool: majority will have FICO scores under 560 (almost 30% probability of default), little to no good tradelines, lots of collections & chargeoffs, recent evictions.

Good morning, I am currently using Turbotenant for tenant screening/rent collection and reminders, and lease creation.

In addition to organized bookkeeping, Buildium provided other benefits that accounting only softwares do not, such as lease renewals with esignatures, maintenance requests, a tenant portal for rent collection, 1099 preparation for vendors. 

It's important to note that some of these accumulated fees and charges that make up the payoff amount may not be collectible.  

These are building improvements that likely won't impact your rent collection but you are still obligated to share in the costs.

I even do my own taxes on turbo tax, but use management software to collect rent and track expenses.

Flip props, and collect the rent 

When our tenants move in, we collect the first month’s rent along with a one-time, non-refundable move-in fee that’s typically a little less than half of the monthly rent (for example, $600 for a $1300 rental).