My buyer had no issue with the assignment fee, we have done business before.So, everyone knew what was going on and no one cared, a win-win-win with full disclosure is the thing to do.

In my state if a tenant wins on Security Deposit dispute its 3x security the landlord has to pay out.

Become a musician/actor, professional athlete, get lucky in the stock market or win the lottery.

The more you make the more you pay but as long  as you are making money you still win.

You win because you at least start collecting something and you look like a nice guy and they win because for now, they're no longer "late" and owe the late fees.Edited to correct my math and to say it looks like the previous poster just beat me to my idea!

In my experience one thing I have absolutely found to be true is that sometimes in these areas you need to 'win' over your tenants.

This is what I've seen in the markets I'm working in.HSBC is a huge bank, it's going to be pretty darn hard to get in contact with the decision makers unless you're a huge player.

Also for bigger players you have B2R and colony funding who are making in roads into the space..

Buy a coffee or a beer for each of the players in town, one a day or one a week depending on how flexible your time is.

You may want to try a preferred dividend with a 50% of profits clause to allow you to get better terms if its a big win and protect him to get all or most of the winnings if its not that good of a deal in the end.