Thank you very much for making it crystal clear!

Congrats on taking action and do what @Crystal Smith says above.However, I'm doubtful this is the right first property to start the process.

now. always now. unless you have a crystal ball; then, then.

@Crystal Smith.

--- of course not... a company providing you with a service and being paid for that service has nothing to do with whether or not you receive rent , a service is still being provided - hurts to hear but true - again it's not a financial partnership... if it was, your partner would collect allot more than 8%/mo. and would likely require equity as well - Property management is a service and although your tenant may not pay rent (there is no crystal ball) the service is being provided, i.e. calls are being made, notices are being sent, notices are being filed, inspections are being conducted, maintenance is being conducted, etc. etc. etc..... so, is the expectation that the PM provide this service to you for free until your tenant pays rent?

They now are crystal clear that the late fees are going to be assessed each month going forward.

No one has that crystal ball, including us.

It is a crystal ball, you either have one or you don't.See if those trying teach seller financing will put their money where their mouth is....probably not.

I don't consider this an "error" on my part; unless I had a crystal ball, there's really no way I could have known how things were going to work out.

Crystal, thanks for the reply.We are trying be careful as to not become too obtrusive to legitimate clients as well.