When househacking and renting out individual rooms, how does one go about collecting rent?

I am psyched to join the community.

Hey BP,Tapping the collective network here to find a great commercial lender.

What are the steps to collect full payment and to get balance to zero, as tenant always promises they will pay off balance next week, next week etc.Can we start eviction process?  

Seems like a would just continue to collect my awesome $1500/month cash flow and save that up for my next deal.

I'll defer to the collective knowledge of the community on which is a better fit. 

Mike, suggesting what you should do depends upon your goals and investor psyche. 

I will no longer collect property management fees from him and I'll continue managing the property.

@Garrett RichardsonWith so much appreciation, I would have her fund a Trust with the house, include provisions in the Trust that includes the house in her gross estate so you get a step up in basis at death, you/spouse are beneficiaries, the trust collects rents and remits fiduciary accounting income to you.

First, she consistently would pay her rent late......Not a big deal we collected $50 late fee and she would always pay about a week later.