Do you manage the bookkeeping yourself such as collecting escrow payments making payments on taxes/insurance or do you hire a servicing company to do it?

We are getting legislatively manhandled by the tenants' rights groups that are more organized and less fragmented, so our collective voice cannot be heard.  

We are getting legislatively manhandled by the tenants' rights groups that are more organized and less fragmented, so our collective voice cannot be heard.

- about collecting rent (when is it late, late fees, eviction process, how many do they do per year)- about maintenance (in house or outside contractors, how do you communicate with owner)- about trasacting with owner (what online system do they use, when in the month do they pay owner, direct deposit?)  

Again, I went in because I was under contract, but I pivoted what was supposed to be a market rate rental into Section 8 to mitigate any risk with collections in 2020. 

Today, it seems there may be challenges collecting rent everywhere.

I have 7 sfh arv from 50k to 175k on the west side.I was able to collect 6/7 this month.I'm assuming may and June will be rough

Was going to make about 30K flipping it, wound up collecting 62K from insurance. 

Try to avoid throwing everything away.The resident can collect monthly payments until the property is purchased in full by the GNA, or can cash out and a traditional loan will be sought for GNA to finish the purchase.If there is an “owner carry” deal currently established, then subtract the remaining rehab costs as a principal payment.If the GNA is simply purchasing the property, then it needs to fall into “70% rule”.Purchase price = 70%ARV - Est rehabThis option typically leaves less money for the original homeowner, when compared to the “owner carry” structure.Allow for equity transfer to other properties in the GNA portfolio.This option might allow for the lowest cost to process everything,Bring every aspect of the property up to common standards.

I know there are several apps that can manage rentals (including rent collection, expenses, etc).