Since this will be a low volume job that require a good response time, I assume that we will need some sort of national service that has the volume to manage what we are doing.The primary purpose of this post is to collect those service company's names, people's experience with them, or general strategies in solving this problem.With this information, we may change our stradegy.I will PM you though to start a dialog.

I would fear that they just went bankrupt and are informally collecting just enough cash to cut the grass and clear the snow.

Guess what if the tenant hire someone to fix it and say to guess what I don't own the fridge you need to collect from the landlord, and if you don't pay they sue you.Joe Gore

If they default or cause damages in excess of the security deposit, who do you collect from?

The law requires that financial institutions protect information collected about individuals; it does not apply to information collected in business or commercial activities."

Eventually, I'd probably want a property manager to handle everything and just collect a check, but I feel like as a new investor I need to have some experience to really know what I'm doing, and ultimately to have a comparison point in terms of value I'm getting for paying a property management company.

I did put about 12k into the house, then refinanced for 35k and now collect $775 a month rent.I offered 32.5k on a 30k list price.

Here, on a residential lease, we are not permitted to request or collect rent further in advance than the next rental period.

The document you saw filed probably had more to do with collecting the surplus money in the Clerk's account from the overbid....in ay case that document is irrelevant to their mortgage claim.

We start advertising a unit as soon as a the current tenant gives notice; given most our tenants are on annual leases, notice is at least 90-days out from the end of the lease.If we sign the lease months in advance we collect the security deposit at the time the lease is signed and give out keys when we received the first month's rent.