I've got the idea to more positively incentivize my tenants to pay rent by the idea expressed in the following example:- If they pay any later than five days late, they pay base rent ($1,000) + fixed late fee (e.g., $150)- If pay on time without autopay, they pay base rent ($1,000) + "manual payment fee" (e.g., $25 or $50)- If they use autopay for timely payments, they pay just the base rent ($1,000)In the above example, you see that a discount of $25-50 was applied in the case that the tenant chooses to setup autopay to schedule on-time payments via a given PM software.Please let me know if any software comes to mind and also any feedback on the positive incentive idea.Thanks in advance!

They live their lives in such a way, or do business in such a way, that others want to follow their lead, hoping to get similar results.I have mentors on this website that may or may not know that they are my mentors.

Esprit if it's causing issues with other (good) tenants and they aren't following the rules of the lease I wouldn't renew.

For sure AI follow up, re-engagement, and appointment setting is a huge trend coming into the real estate industry across the board. 

Your advice about gradually raising rents to minimize turnover is a great tip that I’ll be sure to follow.

Velocity banking works because the HELOC or PLOC (Personal Line of Credit) takes time to accrue interest following his withdrawal to pay mortgage early.

Your fixed costs could be something like the following: $5k property tax, $2k insurance, $3k utility (including internet and TV), $2k landscaping (mowing, weeding), $2k or $3k maintenance (if you have a pool or hot tub). 

It does take some work like anything else, but if you follow their process you will see results. 

If you are serious about finding the deals having a system to prospect and follow up has proved to be beneficial.

Much of this has already been done, as a result of Dodd-Frank and other landmark laws following the GFC.- Portfolio Caps: Fannie and Freddie’s tight lending portfolio caps will likely be removed.