Have the tenant do an electronic transfer. 

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Your calculations are spot on  I just had a bid on a Hud  property which turned out to be a unusual email from Chronos  The home was under contract and the buyer left the water on or there was a leak and caused about $10,000 in damage (according to Hud) They migrated some of the damage pressured tested the water and it was back on market I bid a net of $171,000 or so to net (list price was $195) and received an email from Chronos that the minimum acceptable bid was $171, 321   i was able to up my bid to the acceptable amount and now have it under contract This was the first time Chronos  directly intervened in a bid The only bad thing is I am only allowed to activate the electricity and not the water and gas Also cash is an option on the contract and they treat hard money as cash   Electronic signatures are also acceptable goodbye blue ink 

Rent collection, tenant communication, template leases, electronic lease signatures, marketing, tax form prep, move-in/move-out forms, automated email reminders, background/credit checks, this list goes on.  

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

For electronically signed leases, I use Zillow Rentals (free) and Tenant Cloud for listing/background checks. 

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

Go to Etsy and search for "rental property tracker," and you will find hundreds of nice spreadsheets to track 10-20 rentals, usually for under $10.Software has extremely helpful features like online payments, marketing syndication (click a button, and your property is advertised on multiple sites), electronic document review/signing, maintenance tracking, and owner reports.

If you wish to proceed with this, please advise and an electronic packet will be sent your way.