Build your wealth by collecting rentals not selling them.

I've been looking into Cozy for rent collection and potential late fee reminder but wonder if its worth it- or just have them use Venmo, Zelle or Paypal instead...

The RR & Collection report, CapEx report, and past years' P&L's, including T-12 should be all you need from the owner to make an offer.

I am a new landlord and looking to find the best method of collecting rent?

I plan to collect first and security at lease signing and give the keys around date of possession (after proof of renters insurance, utilities check, final walk through etc.) but I don't know if this is the best option.If I collect first and security at lease signing (in a few days) and they don't move in for any reason.

For me it would make sense that you don't necessarily need to sell, you could ideally refi, have the same amount of money leftover, and do what you wanted with that money anyways, and continue to collect cash flow from those first two properties as well as any other ventures that you use the cash for.

I would give them every opportunity to collect them, but once proper notice has been provided and you need to move forward, I would clear it with an attorney in your area, but it seems like it would be considered yours at this point.

Assumptions in general (case by case, but this is typical)- Rent $ amounts collected from Rentometer - amount based on interior finishes, potential amenities- Vacancy at 5-8%, repairs 5%, 10% cap ex, 10% property management  - are these usually higher in C class areas?

., collecting rents and handling evictions).

He claims he’ll fix the hole but I have a feeling at the last day they’re going to be things I want money for How do you handle it with a situation like thatWhere he’s not going to want to wait for a certified letter and I want to comply with the law. what have you done in the past with a situation like that so he can get his deposit and I can collect for whatever isn’t done.