There is another twist, she is collecting the $3,900 a month, so if I come in here and mess up her cash flow, she is not going to be a happy camper.

I'm assuming even if you find who did it, they won't have money to collect damages.

I would be careful using it as a weekly rental unless it's someone you trust because you could be stuck having to take someone to court and not being able to collect rent for a couple months depending on what the laws are there.

It's rented now and we just collected our first rent check.

OTOH, if one of you puts up 100% of the cash and the other one manages the property (screens tenants, deals with issues, etc.) then I'd say the one doing the management should get the PM's fees (typically 10% of collected rent plus half a months rent to fill a vacancy) and the other should get all the cash flow.Partnerships are fraught with problems.

I'm looking for a cheap way to collect rent online directly through my website.

You could add some for your trouble of having to collect twice per month and ask her to pay $ 475 every 2 weeks, according to her payment schedule.

If you are working with a experienced lender, some will do monthly payments and some will collect at the end, depends on your experience and the specific deal.

I budget about $100 and the possibility of not being able to collect rent for up to 2 months or so since I do the legwork myself.

Isn't it great, the court gets to hold the money and collect whatever interest accumulates...great system!