Collect and remit the same way.

Another unfortunate situation with a lot of these sorts of tenants is that they are "judgment proof", meaning, even if you were to sue them for damages, they do not make sufficient income or have sufficient assets to collect on your judgment.

The tenant is responsible, however, good luck collecting anything over and above the deposit. 

You cannot double dip by adding a new renter and still collecting rent from the old tenant on their lease and you must make a good faith effort to mitigate your damages (find a new renter).

Without these tools, you'd have to do a lot of manual data collection and copy/pasting of comps/data into a spreadsheet for every property you analyze, was kinda the reason for building this out.

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

After pm forwarded my case (tenant did not pay rent) to collection agency, the judgement claim balance is $7,569.33.

In my view, this is WAY worse than a 10% of rents collected fee.

I've been reading on the idea where no deposit has to be collected and it insures rent and damages.

I'm still collecting rent from the tenant, who should also be responsible for any damage as well, right?