You would be violating the law by collecting a fee acting as an agent.

I look at our data showing that our rental price per unit is on average well-above our competition in most of the six markets we operate and I just wonder how someone can look at that as taking advantage.

I do like your buy & hold strategy, but unless you really enjoy driving to tenants to collect rent every week, you should consider requiring your tenants to sign up for automatic withdrawal from a checking or savings account.Collecting rents in cash creates the opportunity for payment disputes, not to mention being a security risk and a huge inconvenience for you.If you're goal is to build a serious portfolio of properties, you'll need to resolve the rent payment issue sooner or later.

Do any of you guys look at Vegas code enforcement data?

"New Census Data Show Texas Cities Are Growing Faster Than All Other States https://n.pr/2Luj0no "Absolute GrowthPercentage Growth

        - lack / loss of functionality- i.e. no dynamic stays, no set long term stays settings showing in AirBnb      - severe data errors- i.e. numbers not adding up and showing up in the wrong place.  3. 

Think why an owner would bother dealing with someone to collect 11% when they could put it in the bank and get 10% that is insured by the government in your hypothetical situation. 

Plus it then allows me to raise the rent whenever I want, if I want, which is useful for either collecting more money from tenants who become a PITA or getting them to go voluntarily. 

Also, to collect rent, I've been using Rentler and Venmo and that's been working out too.

I think that's basically what the 3 of yall are collectively saying....