Without going into those details here, the fact is that Anchor has been in business for more than 20 years, and over 85% of our monthly originations are made to repeat borrowers – obviously happy with Anchor to give us reoccurring business.

For ongoing activities, I'd say on the average month I probably spend: 1.5 Hours Collecting and Processing Rent1.5 Hours General Accounting4.0 Hours Maintenance1.0 Hours Socializing w/TenantsSo, Given I actually work about 8 hours a month for reoccurring activities and 8 hours a month when I need to find a new tenant, If I need to do that once per year per apartment, I would be allocating about 42% of my time.

Pet•Document Discrepancies such asSecurity Deposits on Lease but not on Rent RollLease Amount on Lease different than Rent Roll•Typically 1 or 2 on a 100 units will not match•A Pattern of Discrepancies triggers a Complete Lease Audit•Work OrdersReview Work Order Request Log•Common problems•Response time•Gather Additional Data when walking complex with Maintenance personal•Walk Each UnitTypically 3 -4 common unit layoutsLook for Reoccurring ProblemBring Unit by Unit Inspection NotebookVerify the standard Dial-in Number of $400 per doorProcess goes faster when you get use to the layouts and the Unit by Unit Inspection formGet into every unit•Quick Walk ThroughHave Property Manager opening units ahead of you.Enter Unit check the carpet and blinds as you go to KitchenKitchen check Appliances, Cabinets, C’tops, faucets, area under sink , & flooringWhile walking thru Living Room to the bathroom check ceilings, walls and windowsBathroom check Toilet, Vanity, Sink, Tub Flooring and the Condenser Unit above the tubCheck Hallways and Hot Water Tank on route to the BedroomsBedroom: scan walls, closet, ceiling, windows and flooring.

Immature people with a poor work ethic may last a while, but they'll eventually fade away.Not to mention,  a lot of influencers are obsessed with living a lavish lifestyle that can only be sustained with a lot of reoccurring income.

That idea, what bundle of rights is held by a Servicer, seems to be a common reoccurring misconception.

As much as I don't like to turn away money, since this seems to be a reoccurring problem and not just an oversight on the tenant's part, I'd either have your secretary refuse the check as written or return it to the tenant requesting one properly dated to show her she's not pulling a fast one on anybody.

Of course, admittedly, I don't know any details but if that is a common/reoccurring theme in EVERY applicant I have to wonder why that might be. 

You can sync any credit cards or bank accounts and it will automatically categorize reoccurring transitions (like mortgage payments or utilities).

However payments are auto reoccurring so they claim it doesn't happen often.

The way I figured the cash flow was by breaking down reoccuring expenses and totaling up (taxes, ins, maint, debt service, vacancy, staff, utilities, etc, etc).