Thanks again for the help, jumping in to the game can be very intimidating but the BP family sure does ease the anxiety.   

As a result I found that it really pulled me down and gave me a lot of anxiety, to the point that I procrastinated listening to massages over the past month (not a good business practice).

Try https://ipn.intuit.com/ This is only .55 cents and the tenant have their own portal to set recurring payments.Integrates with QuickBooks - you do not have to.

In a case like this, a small issue can develop into a major cash flow draining repair.Therefore, taking a preemptive strike, I would make regular inspections a requirement in writing within the lease and make sure that this  requirement is specifically discussed up-front before any potential tenant signs the lease.For the landlords/property managers out there, what is a reasonable, recurring schedule to do regular inspections on a rental or occupied property?

Let me explain:Sustained positive cash flowSustained positive cash flow means that rent consistently exceeds the total recurring costs.

Subtract out the rehab costs and your built-in fee and get a mortgage amount for her.Then get on your white horse and offer to solve all her problems, take away all her anxiety and headaches, AND produce an monthly income for her.

You need to check your local residential rental laws to see if you would be impacted similarly.Assuming you want the rental period to remain monthly If your tenant wanted to pay bi-weekly as opposed to semi-monthly, I would insist that each payment remain $1000.00 to ensure rent for the month is payed in-full by the first.At the end of the year, you could carry forward the extra 2K accumulated to the first month of the next year.If his pay is going into a bank account, I do not understand whey he can not simply schedule a recurring {semi}-monthly payment to you for his rent rather than have his employer implement another payroll deduction {it is possible you would not be an eligible recipient}.

Remember back when you bought your first home....the anxiety....the unknowns...speak to that...you have an honest face...use it in your marketing.

Though I'm tempted to kind of stare at the phone in anticipation, I realise that just creates more anxiety so I'm just focusing on getting more marketing organised.

Bill Gulley : Our furniture provider builds in maintenance to our contract (and thereby their price) so we don't typically have recurring furniture maintenance fees.