I have a new tenant of two months and as of now has submitted rent payment past the due date of the 1st of the month but, prior to the official "late date" of the 5th.  We're definitely not off to a good start but, I ...

How soon do you guys start charging a late fee for late rent? I used a standard lease form that my agent provided and it says rent due on the 1st of each month. Then 3% late fee if more than 10 days late. Is that s...

Mastering the boring every day will set you apart from your competition.

Where do you want improvement in your life? Get boring in that area.
Want to be in better shape? Working out is boring. Eating healthy is bo...

What would be a great way to systematically follow up with listing agents? When I call an agent they either accept my offer price for their house or they don't even if they have been on the market for months and their...

What is the expected turn around for getting a property ready for a new renter by a property manager? My old renters lease was up on 6/30. My property only needs minor touch ups supposedly and I am still waiting for b...

Just a reminder to everyone (except Arizona) to set your clocks forward Saturday night before you go to bed... if you're on Daylight Savings Time

I'm just now hoping to make my first investment. But, I'd like to get an LLC setup. I can't remember where I read or heard this but someone recommended setting up an LLC where your rental properties are located. Can s...

Hi gang.  Just starting out and have done about a dozen property analyses using the Rental Calculator tool. The BP calculator lets you save the results which is great, and I know you can set Reminders.  But now that I...

Investors!
If your "investor friendly" real estate agent isn't providing you with a menu of services or commission packages, ask for it. A broker charging you 6% shouldn't be doing the same service as a broker chargi...

Hello,
Curious to know what you'd do in this situation. Rent is due today (October 1st). Tenant asked if we could work with her to avoid late payment fee (assessed if rent not paid prior to or on 4th day of month) si...