If there is an outstanding balance when we sell the quad, would that just be rectified by the title company? 

Current balance is around 188k, P&I is 1560/month at 9.25% interest on a land contract.

My goal is to maximize cash flow to pay off current loan balances and increase my savings rate.

Outsourcing and balance is key.

Estimated tax payments are due April 15th, June 15th, September 15th and December 15th / January 15th.If you see that your tax burden increases every year, you may want to see if you qualify for the safe harbor estimated tax payment(110% of prior year tax) and then make the remaining balance due by April 15th with the extension.Best of luck!

In real estate, though, it’s a bit of a balancing act.

That kind of balance between protecting your investment and being fair goes a long way in building a good landlord-tenant relationship.Also, great call on using this experience to inform your lease and management approach going forward.

Not sure of laws in MD, but generally speaking...We use a debt collections agency for unpaid balances.

My PM says once the property is re-leased, they will send the evicted tenant's outstanding balance to a collection agency, but the chances of getting that money back seem slim.What have other landlord's / PM's done to get some of their money back after an eviction?

When I started adding rentals, I kept it pretty simple: spreadsheets were my main tool for tracking cash flow, loan balance, and equity growth.