Michigan has no laws about late fees, by you need to check your state & local statutes.Conceptually, if you don't have a solid Late Fee policy, you will eventually get taken advantage of.What we do as a PMC, much of it automated:1) Rent Due Date: first of month- Don't ever modify this as too complicated to track!

Start by normal DD and circle back eventually? 

Quote from @Rob Block: Quote from @Greg Scott: I'm not familiar with these deals, but would be very careful when looking at historical results.  

Eventually, Class A property values increased to the point that even increasing rents didn't allow them to cashflow upon purchase.So, the flood of new investors switched to buying Class B properties.

Eventually might help with tax if planned correctly.

I am looking to begin working with investors and eventually start my won portfolio! 

The 10% that care eventually get burned out. 

I started out with GFS group but right now Rob Hughes at Priority Tradelines has been the man!

After a series of delays, they were eventually evicted.

Quote from @Sarah Kensinger: It's not a waste of water if you're on a well and the hot tub is drained in the yard, which the ground would soak up.I was going to say this^^^^^....most people don't realize that all water that goes into your septic tank, or in the ground, goes (eventually) back into the ground and filters (generally) down into the aquafier.