Screening tenants takes 2-3 days, 30 min per day as you collect paystubs and contact past landlords.

It is likely the debt may not be collectable as the deadbeat clients are keeping everything on an under the table cash basis.

Basic services like garbage collection don’t qualify.Material participation: Owners must pass one of the seven material participation tests, such as:You spend more than 500 hours working in your short-term rental business.You carry out all the necessary tasks to run the business yourself.You work more than 100 hours in the business, and no one else contributes more time than you do (this is often considered the best and easiest test to meet).

Thanks in advance Hey Michael,Congrats on the impressive portfolio accumulated so far.

Hey Ricardo, that's impressive that you guys are looking to start building something here in the U.S. while living abroad.

Prior to anyone submitting an application ensure you share your rental criteria clearly ( i.e. credit score, your preference on acceptance of rental collections, evictions, felonies, misdemeanors, pets etc. ) as well as sharing any additional charges ( i.e. monthly pet rent, pet deposit(s), security deposits, admin fees etc. ) people unqualified will usually "walk" as this stage and that is where you will save time. 3.

I'm very impressed with Airbnb, I already received four bookings in Airbnb (although I may initially set the prices lower than average which attracted quick bookings). 

Can I still serve my tenant a Notice to quit since I have collected the last month’s rent.  

My brain want's to automatically assume rents were not collected, not that they were just sitting on your $$$$ because that, wow, that's a BIG problem and a VERY bad sign of things if that's the case. 

What sites/software does anyone recomentd to collect rent, anyone have like a template of an excell sheet I can use to get organized?