I don't want anyone collecting slips of green paper (now purplish, blue and ugly orange paper as well) just to have stacks of it.

I remember when real estate contracts in California were legal size paper, two sided, one page.

I'm with Michael.As to Dee's question... in a rising market, owning real estate makes you money (on paper at least).

While it works out on Paper the real world tends to confound our best plans.

This would not be offered if the net proceeds from the property on a foreclosed sale would be more than the net present value of the new note. the target will be 31% of gross income.So to begin with you need to determine if the mortgage is more than 31% of gross income then determine if the owner has an acceptable hardship, decrease in income , medical bills etc.need to move would not qualify for modification hardship but would qualify for consideration of a short sale, (same documentation and paper work) .

I'm well educated (on paper at least!)

Some of my thoughts on the topic:http://www.biggerpockets.com/renewsblog/2010/04/14/6-rules-for-managing-your-contractors/http://www.biggerpockets.com/renewsblog/2010/04/07/the-paper-trail-every-rehabber-should-follow/http://www.biggerpockets.com/renewsblog/2010/02/17/whats-in-a-contract-contractors-rehabbing-real-estate/http://www.biggerpockets.com/renewsblog/2010/06/09/better-faster-cheaper/http://www.biggerpockets.com/renewsblog/2010/05/26/are-you-sure-your-independent-contractors-really-are/

The other way which is the way it is going currently I am going to be out 6 weeks worth of rent, plus pay for whatever damages have incurred and all I will get is a judgment on a piece of paper that isn't worth anything.

Could do a few items:Pay rent onlineAutosign a new leaseReserve common areas via the appInput maintenance requestsApt managers could push out rent remindersApt managers could also push out messages property wide w/o having to paper all doorsGood way to track and submit referrals

The landlord can put that in the lease but it doesn't mean it will hold up in court.A judge will likely throw that part of the provision out and make the landlord go through the normal eviction process.We have a clause where the rent is late on the 5th and then an eviction fee of 150 is added on plus 10 dollars a day for each day they are late.The judge gives us the 150 and back rent as a judgement but sees the 10 dollars a day as excessive in most cases and will not give to us.We have it in there to make the tenant feel the heat and want to pay the rent instead of letting 10 dollars a day accrue.I am sure it is the same way with this other landlord.Most of their tenants are probably not fully educated on eviction law.So they assume they must leave by the 15th because they signed the paper.