@Jay Dang to clarify this was not a quick flip, it was a 7 year buy and hold that I sold a few years ago... not sure why this posted in the forums, I added it to my profile under the investments category that has the dates.

@Johnny Dang those numbers are factoring in 4 renters but you said you’re househacking right?

Tenants pay rent either through the auto invoice they get every month from my QuickBooks (using ACH), or they can deposit it in the bank themselves.

@jay dang The house sold the 1st day it hit the market for over list price too!

Currently, I send out invoices on the 15th for the next month's rent and then a late payment reminder after the grace period.   

I am purchasing a home in Center Point Alabama, and the recent invoice for septic pumping stated there were signs of a previous failure.

They shouldn't do this but it's also not uncommon for larger repairs or renovations if they take several days or cost more than $1,500Flat Rate:  A simple flat fee added regardless of sizeInvoice:  It's also important to ask if you get to see the contractors invoice or do they hide that and provide it on their own invoice. 

I guess i would have to invoice the seller?

It also allows you to send invoices and payment confirmations - we do this for all our tenants, and they seem to appreciate the credibility it adds, as well as the fact that they have records of all their payments.

Then you invoice for your % or flat fee and you are in the clear.