Additionally, explore technology tools that streamline remote property management tasks, such as online rent collection platforms and smart home systems for monitoring.

Looking for a good online program for tenants to pay rent. There's a lot to choose from, any recommendations?

The calculation is strictly Gross Rent collection minus PITI if applicable. 

Second, when doing flips you'll typically put each property in its own LLC.If you plan to scale rentals, you can have a Management LLC that acts as a PMC collecting rents and paying expenses via its bank accounts.

Many of the online rent collection sites also offer tenant screening. 

.: Quote from @Dominic Rosato: I work in leasing/property management in NJ, and we encourage most of our landlords to require these two main criteria:1) Household annual income > 40x the monthly rent2) Credit score above 680In addition, we screen their credit report to verify there are no red flags (rental collections, high CC balances, etc.), as well as previous two months of bank statements / investment accounts, whichever they'd like to provide (can they pay rent if they lost their job?).

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.

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.

Some won't allow you to collect interest, while others allow the landlord to collect the interest.Know what your law allows, then explain in the lease where you are keeping the funds and handling any interest.

Our experience is not very different from that of many that we have read in BP, in our case ABC sold me and my wife, two properties in Baltimore, as we live in LATAM and we are foreign investors, the negotiation was made by ABC Capital Miami.In the case of my property, ABC offered "rental guarantee for one year" (February 21, 2020-2021), ABC collected 11 months of rent paid by the tenant and corresponding to the months of March to November 2020, March and April 2021 and DID NOT PAY ANYTHING.In the case of my wife's property, ABC says that it was abandoned by the tenant, it is not known for sure when and they notified us 5 or 6 months later.