Maintaining good relationships with a handful of contractors and using technology like digital answering services (Google Voice), rent collection web sites, etc give us the right balance of knowing what is happening to our properties but minimizing the disruption to all of our full-time jobs.For us, there are two critical periods: one is during the renovation phase, especially if tenants are in the property.

I have no idea what the regulations are in FL.I don't manage residential but I have friends that do and they tell me they have charged renters 2+ months of rent as a SD due to a BK or foreclosure, and most if not all the renters have agreed (YMMV).On the commercial (retail) side, I've collected much more than that in the past due to spotty history, a weak balance sheet and/or lack of experience.Victor

Even on their end there must be checks and balances in place to make sure that 1) the person collecting the $ is not pocketing any of it and 2) the amount collected is the same amount credited to the users.

As for the overage, what if I did not pay the first off, and it went to auction and sold for more than the balance on the first (almost guaranteed).

I belive they are pretty well balanced.

I hired the work to be completed within that same week and then I sent a roll-up of expenses to the previous tenant along with the security deposit balance.

Among the most pivotal data presentations are the complete rent roll (tenant name, date due, rent amount, last payment, total unpaid balance, etc).

Some have lines of credit and strong balance sheets.

They also only have an average balance of just a few hundred dollars in their savings account, so there is not much to fall back on in case something goes south with the business or otherwise.Would you consider the self-employment portion of their income even though the business is new?

[no different than the phone company or power company billing].Unfortunately I have tenants that have in the past been allowed to pay rent late, carrying balances with not late charge.Since taking over I have given all the tenants 30 days notice that the late charge stated on the rental agreement will start being enforced and payment must be made on time.My question to you is how do I evict a tenant from 650 miles away.