If you have knowledge of it and there's an automatic "tenants rights after N days" you need to make sure they're out before the N days are up, or you'll automatically have a new tenant.

The problem would be an almost automatic trigger for an audit of the landlord if the tenant gets audited.

Hey Gino,We are asking for automatic late fee reminders to tenants and automatic invoicing of said late fee to tenant.

It is not a bad software, but between freedomsoft and this freedomsoft is stilll the winner, They both will set up a squeeze page for you, and leads generated will automatically populate the software.

This situation would automatically result in a prohibited transaction.

So you need to be very smart about how you use that money and ensure that you can cover it no matter what.One thing I learned here on BP is that just because the HELOC is against your primary does not mean that it is automatically deductible.

There are also loans where they will give you 1-5 at 4% and then it automatically goes to 6% in year 6 to 10.What I am saying is do not leave it open where a bank can just charge market and it is really high in year 6.

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Hi Megan, I'm almost in the same boat but I was lucky to get one tenant to setup automatic payment, while the other tenant has been late since she signed the lease and still owes the previous landlord money.  

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