What MAY make sense is to setup a Master LLC that operates like a PMC and collects all your rents, pays all your property-related expenses, etc.The owner of each property (you, LLC, trust, IRA, ect.) would have to execute a management contract with the Master LLC, so the Master LLC could legally act on behalf of the property owner(s).Check with Account Closed read our 

You do not use the $900 in fees you collected.

They got a large judgment against the people running the scam but can they collect against it?

What MAY make sense is to setup a Master LLC that operates like a PMC and collects all your rents, pays all your property-related expenses, etc. 

@Nathan GesnerCan a landlord report a tenant to collections on their own?...

He's someone I already knew, and he does the work for a small rent discount but he's about to move out and I don't think it'll be so easy to find another qualified tenant without losing a month's rent while looking.Before I bought the building, the tenants were all responsible for taking their own cans to the road and they were collectively responsible for keeping the area clean, but they didn't (and I didn't know they didn't.) 

If you use Buildium to collect rent, you need to enter that information into QuickBooks. 

In the first 5 years you will collect lots of interest, and make more money than the actual purchase price because you, the seller, are now acting as the bank.

The fact that the same section does not prohibit the collection of STATUTORY attorney’s fees under 799 or 814 is meaningless in this circumstance because you included the illegal clause directly in the lease.

The difficulty is in collecting current rental data of actual rents.