Just collecting the payments and retaining their fee for doing so. 

Take a class on debt collection practices.

I’m sure that 3rd party collections company got a decent cut of the collected amount, something the management company could have gotten on first attempt.

I can buy a good deal once a week in my market but until I collection of private money investors, I have to be a lot more selective.

Although I disagree with his concept of creating a collection agency type function (I prefer to let courts handle payments, etc.,) the BP topic Brandon Turner Nails it on the COVID-19 Rent Due Advice may be of interest to many who feel overwhelmed.

@Theresa HarrisI’m collecting 800 in cash flow for the TRIPLEX spit with a partner.

Technically the 15,000 in rent you chose not to collect just doesn’t exist.

@Lance Lvovsky On my properties, I make decisions on repairs, sign contracts with renters, approve contractors, and pay a property manager to collect rent and make inspections.

Putting together processes for rent collection in April has been of the utmost importance at Top Properties.

Even before COVID-19 came onto the scene, it has been a prevailing theme over the last year or two that cities and states are pushing more laws limiting the abilities of landlords to collect rent, evict tenants who don't pay, renovation and increase rents, and other regulations regarding how their business is operated.