If the interest rate is 10%, the interest is always 10% of the outstanding balance.

This means the return from the REIT can be outstanding as long as the REIT is earning any money.Yes, to get the favorable tax treatment you cannot retain earnings.

For landlords that do not have grace periods it's like driving on a highway the police do not patrol.

Since it's highway robbery to pay a licensed plumber to do anything, I was wondering if most people ignore the permit issue when dealing with the heater, or is it better to go ahead and pay the plumber for liability reasons?

After paying 10 years on a 30 year note, the outstanding balance would about 80% of the original loan amount.

Totally wrong and it'd done everyday by individual hard money lenders, those posing as privet money guys.Read the security agreement, generally a payment over 30 days constitutes default and the lender has every right to accelerate the loan to maturity, demand all amounts outstanding payable.

I think another great thing to add to a lease is to make sure that you say that all existing due balances will be settled by received funds prior to being applied to the rent due.Example:  If someone has a late fee of $30 due on next months rent and they only pay the amount of rent normally due, you'd first apply $30 to their outstanding balance. 

If you "season" the money by keeping it in your bank account for two full statement cycles, you might get away with hiding it, but I think I've been asked in every mortgage application whether I had any other outstanding obligations.

If I had to keep the utilities in my name then I would up to rent to include the cost of utilities up to X amount of dollars and also incorporate a utility deposit into the lease, and the utility deposit is used to cover any overages on utilities and outstanding utilities bills and anything left would be returned to them after they moved.

According to my calculations, the rent adjustment paid for rehab in July and since late July, I have been chasing him to provide a reconciliation report so that we can agree on how much he owes me.I am ready to move the properties to another Property Manager but would like to understand what options I have available to make him pay the outstanding rent to me.