I stay away from them these days and just wholesale.

How to avoid BEFORE this happens: pay a day early, don't raise issues, get loans that aren't backed by US Government that the note states they don't sell the servicing.How to avoid the late payment- pay all accounts from the same bank account on the same day of the month.

Quote from @Jake Bute: Good Afternoon,I listened to Wheelwright's podcast the other day discussing how short term rentals do not have the same rules as long-term rentals when it comes to some of the tax laws around active/passive investing.

But my suggestion for future listings.Look at days on market in the area that you are going to list.

For these reasons, we don't invest our emergency funds in anything that has volatility and we can't write a check against it the same day for an emergency.

Yes, you can deduct the 8 days rent from the security deposit.

Same with houses and the MLS.

@Tanya Maslach I highly recommend that you look up/connect with Nobel Crawford, he focuses on corporate placements and teaches clients how to do the same 

Keep that in mind for future in case you get a "needy" tenant some day. 

In the event we are more than 30 days late on payment the agreement becomes void.