The new company will have some time to on board the new property, send a welcome package to the resident, and avoid rent payments going to the wrong company.  

In my life I've only purchased two properties both of which were my primary residents.

The triplex is not our current residence; we currently reside in a 350k single family house that is no where close to be paid off as we have only stayed here for six years thus far.

My name is Abed Asghar and I currently reside in Laguna Beach.I had a job at a large fitness corporation and have always wanted to get into real estate investing.

@Marcus Auerbach I think you've offered an amazing solution for DIY!!!  

This isn't usually enforced unless the folks in that residence are getting out of hand and such.  

I currently reside in Morrow Georgia so if anyone's in the neighborhood or in the area would like ever meet up or need a helping hand on a project just shoot me a message!

I don't believe impounding a tenant's vehicle is the proper solution for that problem.

If all or any portion of the monthly rent remains unpaid 5 days after rent is due, a $50.00 late charge will be added to the monthly rent and shall be immediately payable.All payments received from Resident will first be applied to monies due.

They might just find it easier to wash their hands of deals and want to focus on rebuilding their primary residence, etc.