Collecting these proceeds on on behalf of the owner, for a fee, is an old, old game.

It's a collection of the best flipping info from the site.Oh - and be sure to set up some Keyword Alerts- especially for "Chicago" so you'll be notified when people mention it here in the forums.Thanks again for introducing yourself!

I'm considering having a newer realtor/realtor's assistant do this for me or a reputable PM company do it for a discounted rate.One thing that I've found instrumental is to collect all rent electronically.  

I am currently collecting somewhere around $2000 from each property.

Hello,Chase is discontinuing the deposit only card and i have to redesign the process on how to collect rent from my tenants.

We usually collect a deposit to cover special order items and permits (usually 10%) before the project starts then 30% upon inception, 30% upon half complete and balance when totally completed.

Either if they just collect interest on a loan or split the profit 50/50 from a flip.

There are certain notices and disclosures required and the laws are quite specific about collection attempts.  

Then I pay it off with my credit card and collect the points.To find contractors I keep in touch with the realtors who are dealing with foreclosures.

This way you collect $1100/mo until they're able to perform on the purchase and they are getting rent for $900/mo and $200 towards closing/purchase saved up.I have attempted this with a tenant in the past but did not successfully implement it.