Most importantly, have a flexible late policy that punishes failure to communicate and rewards tenants that are trying to pay even if they are late.

My name is Rick Stewart and If you contact me via social media, I can give you court documents and my attorney's information to verify that after THREE MONTHS of receiving zero rent, we had to forcefully evict (unlawful detainer) the tenant that Mario/Bridgehouse screened and moved in.

Then, being the glutton for punishment I am, I continued on to law school.

However, in most cases collecting on the personal guarantee is difficult if not impossible.Since Dodd Frank and the CFPB, judges have punished holders of paper where the note was originated in some way that violated this act and the agency regulation by allowing the note to remain in force but severing the security interest from the note.

If you send them a pay or quit notice and they don't pay, you go file an Unlawful Detainer to bring them to court for possession of the premises and back rent; as long as they pay EVERYTHING (ie: rent, late fees, the court costs and possible attorney fees) they're given a ROR (right of redemption). 

This check, which includes Unlawful Detainer actions, can be done utilizing the most recent update of the Minnesota Judicial Branch Trial Court Public Access database.

Did you know in Arkansas an unlawful detainer (staying beyond notice to vacate) is a misdemeanor?

They sued me for unlawful evictions and got a judgement against me for not tolerating their abuse of my act of kindness.

But if anyone reads this and assumes they can just not live at their new VA purchased home just cause, that’s loan fraud and certainly punishable.

Or is it feasible, if I do NOT intend to perform and broker activities, to only continue on with my studies... of course with the understanding that it would be unlawful for me to represent myself or others until I reach a BIC status myself.