Also keep in mind that it can be hard to collect from tenants that don’t always have the means to pay their own rent if and when things happen.

I also think the rules vary whether you collect other tenants rent or not. 

My previous bank would pay the taxes and insurance when due and collect those balances equally throughout the year.

If you went to court you would be awarded money for their gossip that you'd likely never collect and you would be SPENDING MONEY to have a lawyer draft a NDA and to take them to court.

And 20th percentile in a collection of properties that has doubled in size.It sucks. 

The rent from 4 houses covered the mortgage for 5 over the last 18 months I’ve been dealing with an appealed eviction and the court collecting and holding the rent.Everything I bought rented for 1% to 0.65% of the initial purchase price (more now).

Here are a few stats for the Jacksonville market and the rental portfolios we manage (over 4,100 properties):Property Management:- 98% rent collection- 672 homes rented with an avg duration of initial lease of 26.5 months - 581 leases renewed- Avg duration of resident stay of 54 months- Current occupancy 99%- Rents have rise 8% year over yearJax Market:- Med home sales price - $300k- Homes on market - 4,264- Home sold month prior - 1.17- Year over year appreciation - 15.7%  I just did a Jacksonville Real Estate Market Update on our weekly show and I do it every quarter. 

I know some parents collect rent, but put it in a special account for when their kid moves out and the kid can use that as a down payment for a home. 

I am extremely handy with a vast collection of tools so can perform improvements myself.

They then informed me that I could either move forward with the management services, with a nominal discount of $110 for the error, or revert to the Lease Only Option and have the lease transferred to me without any security deposit, as none was collected by the property manager.This mistake has left me in a difficult position.