This issue can be avoided completely by transferring the property into a land trust.While a transfer to an LLC will cause alarms at the bank and prompt them to send you a letter, a transfer to a trust will not.

It's great that you're taking steps to address this promptly and professionally.Remember that continuous learning and adapting to unexpected situations are all part of the journey in real estate investing.

Promptly attend to deferred maintenance!

that may prompt everyone to submit a higher offer.  

Just know that they will help you and return your phone calls promptly.  

This is our late rent letter (also available in the BP File Place):Dear _____________________________,Your rent is now past due.Please pay your rent promptly so you may continue to live in the unit that you now occupy.As per your rental agreement:-- Rent is due on the first (1st) day of the month.-- Rent is late on the second (2nd) day of the month.-- We allow a grace period through the fifth (5th) day of the month to pay your rent without incurring a late fee.-- On the sixth (6th) day of the month we charge a late fee of fifty dollars ($50.00).-- If we do not receive your rent in full in a timely manner, we will serve you with a 3-day legal notice, “Notice to Pay Rent or Quit”.Each time we serve a legal notice, we charge an additional twenty dollars ($20.00).-- If you do not follow the terms of the “Notice to Pay Rent or Quit” we may then begin eviction proceedings against you and you will be charged with the crime of “Unlawful Detainer” if a judge upholds our claim.The amount of rent now due, as of today’s date _________________, is as follows:Current Month Late Fee_______________Current Month Rent_______________TOTAL DUE_______________Time is of the essence.If you have not already posted your rent via the mail, please call us immediately to make arrangements for us to collect the rent in person.Thank you for your prompt attention to this matter!

When I click on free trial, I am prompted to provide my credit card information but there is not listed price.Thanks,Dave

David T.Thank you so much for your prompt response.

Hi @Greg Rulfs Thanks so much for your prompt reply!

Landlord will promptly respond to Tenant request for repairs but will not be monetarily responsible for tenant disruptions or inconveniences during habitable times of repairs or tenant/guest injuries incurred in or around obvious areas of maintenance, repairs, or construction.