@Christian Nachtrieb I don't do the collecting, However all of my properties that require an HOA payment collect from me either via an Automatic withdrawal (ACH) on the 1st business day of the month, or I personally do a monthly electronic transfer into the HOA bank account.  

Koreatown is a great example as you mentioned, as well as the Arts District, directly south-east, which became the migration area after Koreatown became overpriced.

One of the top arts festivals and farmers market in the nation.

Art offers all kinds of opportunities at this - and some 'hipsters' as you call them are 'cool' in this way - some are not.

@Art Kelly Thank you so much for the advice!

I personally do not like electronic payment system as they can be open to abuse by tenants.

We also do have art in storage that we can hang, so I will do that for sure.

If the tenant qualifies, they get an electronic lease immediately, pay the security deposit and I cancel the rest of the appointmentsProcess I'm considering tryingList apartment on Wednesday Have all potential tenants show up at the same time for an open house style of viewingHave all interested tenants fill out a free application with income info and other basic questionsPick best from the list and send them a paid background checkIf tenant passes then send them a lease, if not, inform them and move on to the next bestAny input on these two strategies? 

The biggest thing is that we have other pursuits that we want to follow, but those pursuits are in the arts and non-profit spaces, without the potential for the same income streams we have currently. 

Electronic lockbox access, showing service fees to access properties.