We should have been more diligent about implementing late fees, but honestly it just felt a bit awkward since we live in the building as well and see this tenant around the property.

Zillow's rental income protection via Zillow Rental Manager is an insurance safety net covering unpaid rent, property damage, and legal eviction fees.

Never received any interest after lawyer fees.

Shorter is out there, you will not like the terms/rates/fees/etc.

Hindsight is of course 20/20 and I regret all of those excuses, but the second best time to plant a tree is now, so I'm pulling the trigger, market timing, shmarket timing.I'm in the process of selling some inherited hunting property to a family friend to fund down payments on my first few rental property investments, perhaps looking to 1031 if possible for tax savings.

When the tenant pays, we credit to owner.This avoids the owner being penalized via late fees and lien issues, due to tenant nonpayment.We do charge tenant late fees and even start eviction proceedings when needed.

Tax filing fees can also be cheaper if you're organized.

@Justin G.Also when reviewing these ask the question of these are gross or net of all fees.

Does anyone remember the name of the App David Greene uses to easily access the taxes, homeowner's insurance premium, HOA fees and other expenses associated with his rentals? 

But, and there's always a but, it means giving up control to REIT managers, dealing with limitations on how quickly you can access your money, and handling fees and expenses.