Watch for their comments as they give an excellent educational overview on various legal issues.

In my case, I suck at property management and so turnkey has been better for me.I also rehab lots of properties in my area and excel in this sort of thing.

I believe it's an excellent strategy, but it won't work unless you have a desperate person trying to get out of a property, quickly, and they're willing to make the kind of money you need to get it done. 

You should tape that letter enclosed in an envelope with the tenant's name and personal & confidential underneath, which is excellent @Max James .In your jurisdiction change the verbiage to indicate that if they pay you before the 5th the late fee will not apply.

I believe in excellence and professionalism in everything that I do, pertaining to business and life.

Yes, in power outages, she would not work, but when they kick on, it pumps it all out in minutes, and I just have a dirt crawlspace with vapor barrier so some water is less risk for me....If you have one of uncertain age, actually I might have a back up ready (not just for power outs) because you have to call the plumber, who may or may not have the one you want and may mark it way up.

@Bryan EXCELLENT!!!!

You've got some excellent advice all ready.

There are some excellent areas of the country that still do.  

I also figured out how to calculate it in excel if anyone is interested.