Some owners like collecting late fees. 

Gator bois are then left to resort to mafia collection methods.

You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.

Ultimately the tenant will be charged for it through collections or a judgement.

My property manager I don't think has a chance to relax, but she does have systems built around her to free up the time when it comes to regular maintenance and rent collection. 

You can find higher ROI (on paper) here and probably in other cities…but the probability of actually collecting rent significantly decreases.

I too know many investors who buy very low cost properties and own them for cash and collect rent weekly and a few collect monthly.  

Hey @Brad Pierce I use Rent Redi for managing tenants, collecting rent, sending reminders, scheduling work orders with contractors, etc. 

You must use a PMS and for the software to work you'll need to own the listings, which means you'll need to also collect all the funds, so owners' rents don't get deposited in the wrong account (Yes, Airbnb makes that mistake all the time!!).

There's some connection you have to this person with money who is looking to invest it short term and collect an x% return.