I have, at my sole discretion, waived the late fee as a one-time courtesy to a tenant whom (a) is in good standing and has paid promptly for at least a year, (b) has informed me in advance that the rent would be late, and (c) pays up within a few days after the late fee would have kicked in.Whenever rent is not received, I start right away with a rent demand letter and proceed with the eviction process on the first day it is permissible by statute, even if the tenant eventually pays (including collection costs). 

We averaged $10k for our 2 BRs (including kitchen appliances).

Make sure you know the impact that adding an ADU will have on any rent control.12) investors seldom include the land value in the overall ADU costs.

@Danielle Bourn The gap from your mortgage payment to market rate rent (I estimated at $2300) is roughly -$570 which didn't include future capex, maintenance, vacancy, or PM if you choose to hire that out.

Some cool benefits include expense tracking (per property), the Lease Indiciation Tool (helps predict the likelihood of a tenant renewing the lease giving you the chance to renew early and/or increase monthly rent if you know someone wants to renew), Tenant Communication (via their app), Maintenance Requests, Tenant Payments, and more.

I am curious where you're getting $400,000 mortgage for $2,225 monthly including taxes & STR insurance?

It seems well-structured and includes mentorship, legal docs, market research tools, and a 6-month coaching setup.

It's led me to the permitted uses in that zone, which includes "single-family dwelling units."

They range from 225-399k, 1-2 bedrooms, approximately 550-1400 square feet, taxes are 1000-1600 depending on size, rental income ranges from 35k to 45k, "THE HOA FEE HERE INCLUDES ALL UTILITIES, ELECTRIC, WATER, SEWER, CABLE, TRASH, PEST CONTROL, ELEVATORS, GROUNDS MAINTENANCE, BUILDING EXTERIOR, WI-FI, CABLE, COMMON AREA INSURANCE, & EVEN OWNER-RENTERS INSURANCE" 

I will be including all Utilities + W/D+ InternetHow are you guys filling rooms?