Otherwise a simple $50 late fee penalty in the lease should cure you of this issue @Phil Shelton

With a passion for crafting unique property identities and a keen eye for potential, I specialize in turning under appreciated spaces into sought-after gems.Join me on this journey as we explore innovative strategies, uncover hidden opportunities, and elevate our investments to new heights.

HH properties (and often HH clients) are high resource utilization accounts for a PMC, so many PMCs won't take them on, or will only take them on with the understanding that the property will be converted to a single-lease property (we do still use this approach.) 

This is made possible by them setting up a Tenants In Common (TIC) structure.Has anyone done this before?

Is this what you're looking for?

But I don’t know where to start researching if this is a good idea and how to go about it.

Of course yes I agree this is a business for goodness sake not a charity debt seeking organization in the first place. 

I read this a few years ago when I was going to use an Arizona LLC for rentals in Arkansas.

This is the only mark.

I started out losing money because of employee salary and office space, but we quickly grew enough units that it paid for itself and then became profitable within a year.If you want to pursue this, I recommend finding an existing PM company that wants to sell.