I believe with the yield available from purchasing performing notes generally being below our target, and with the risk and pricing too high for most non performing offered, and so many hard money lenders originating in single digit interest rates, that we needed to get creative to invest our money for our portfolio to yield our targeted return, without increasing our risk.

Normally non renewal will end the lease and if they hold over you evict.

I became the only non-family member to have keys to their home & pool area & I took care of things when they were away.

Every hour I am spending doing "non-billable labor" repairs from tenant damage is an hour of income lost in my work week, since I cannot be in two places at once and I only have a certain number of billable hours of toil every week.That being said, I have never been challenged on this via a court case, but when that day comes my justifications for charging for my own labor will be, (a) the repair work I do is part of my income, and (b) the tenant signed a document disclosing what the charges would be, and it should matter not to the tenant who actually did the repairs.  

I heard of someone saying recently that their lease uses non-refundable deposits (really more of a buy-in to use the property for the lease period). 

For my part, however, while paying a compressed cap rate for the in-place income, I am taking over original, un-renovated, and non-optimized assets with plenty of upside where I can underwrite close to doubling the NOI in 3 years.

It operates much like cash, so eliminates the concern of non sufficient funds.Venmo: The landlord charge on this depends on how it is setup.

NOTE:  Their security deposit still needs to be the non-discounted rent total!

It will be much easier if it's month-to-month as you can just give them a notice of termination.If on a year lease you will have to examine the lease and possibly do an eviction for reasons other than non-payment, which is longer and more costly than evictions for non-payment.

This is my first post and I’ve been diving into real estate investing for a few weeks now; just reading, listening, and watching REI information non-stop.