So if renta due on the first you send out letters with amount due on the 15th (giving them 2 weeks) , take the manager out of the equatiom completely.But if they are actually collecting then maybe implement a little bonus incentiveAlso for late fees just have it be a one time ding , otherwise youll spend more time adding days and arguing with tenants about when the checks were post marked and itll just be a huge headacheAlso never take cash.

For this I will be implementing a direct mail campaign combined with some door knocking.

I know that these units have a pretty high occupancy rate, but from what I've seen so far in the few properties I've checked out, RUBS is not implemented in this area (based on a very small sample size).

I am wondering in what order do you screen your tenants?My general thoughts are this: 1.) Get my ads out on CL, doorstep, etc.. 2.) Organize and Host an open house. 3.) Collect applications from those who attend the o...

If absolute across the board implementation were to occur, the we would see massive foreclosures again as current owners would have severe impact in their monthly budgets, even if deferred to April 15th where the S*** hits the fan.The mortgage deduction is akin to social security - - the well know third rail of politics - - touch it and you will (politically) die.

I believe in making a deal as conservative and stringent as possible.

In which market will you be implementing your strategy?

However I do it, the new fee will be implemented across the board with all the properties I manage, but this is the only consistent late payer I have right now.

I just wanted to see if I did something wrong or is there something essential that I missed to implement. 

It is much easier to learn with a few homes than to implement with a larger inventory.