Be sure that you're applying whatever late fee your lease allows to every late payment and demanding same from the tenant.

This is an amazing community for learning and growing in real estate investing. 

I am seeing a decrease in nightly price and demand for these units.

The insights I’ve gained so far have been invaluable, and I’m eager to expand my network and grow alongside other professionals in the field.

The goal is to continue growing the management business with our portfolio.

I can only think that this grows as we move into the typical buy/sell season.I assume that your buyer funnel is full, and a lot of people have the want to buy with a constraint or two (rate mostly) of some sorts and you're working with them to execute their purchase at the right time while working around their constraint.

@Patrick Pan Why did you have to concede to that demand?

He began taking the tools out of the house and demanding he receive money.

My goal is for the foundation of my company to be solid and to grow properly.

And because of the growing tech scene, rental demand is strong.