I was spending $8000 a month living in LA (mostly paid by BF) and then cut it down to 4500 moving to Dallas and then I really cut back on a lot of things: cable, downgrading to metro cell phone service from sprint, cut my Massage Envy membership that was $60/mo, getting.

Our procedures are the same here, notifying all lien holders, but title is not insurable for a period of 4 years, unless you do a quiet title action.  

These are the policies and procedures a strong management company brings to the table.  

Start the normal 3 day notice procedure.

We follow the proper procedures consistently with N4's PLUS we reach out to speak with them (not when we're chasing for payment) and try to understand a bit better what the issue may be.

What's your procedure if the don't maintain them properly & you end up with stained granite countertops - complete replacement with tenant security deposit? 

He/She will go though all the hoops to get a tenant occupying they new building for the amount they need to fulfill their obligation (1st month free, 3 month free, no charge for pets, Give you a foot massage, whatever) Now guess what happen next door in the 5-10 years old apartment building, they now feel they can raise their rent too.

Oren, your procedures and ordinary customs are different there (LOI's, sign-backs, etc) so we may be a little off.

---So, ask about their standard operating procedures and make sure your management contract has an easy termination clause.What are your options if you experience one of the above?

I realize laws and procedures are different in every state, but this should provide lots of ideas for landlords in other states also.