A person for whose benefit the bond is written or his legal representative may bring an action in the district, common pleas or municipal court where the landlord resides or does business for collection on the bond.Bottom line, if the landlord obtains a bond, the funds can be co-mingled in the landlord’s general operations account, from which normal bills are paid.

@Jeff He not sure where you are getting $200 from, 100% incorrect unless you are talking about a 50 unit building with an enormous parking lot .BTW I am not speculating as I have extensive experience years of PM, and about 500 flips  All the best  

"Because asbestos in certain forms has been determined to cause serious health problems, the DEP regulates the removal, collection, transportation, and disposal of Asbestos-Containing Materials (ACM).

I collect my rent online or checks mailed. 

These are my questions,1) what the best way to collect rent?

There is no way you can keep up with all the changing rules.Lease agreement - The lease agreement is the number one tool for controlling tenant behavior, protecting the property, and collecting the rent.

I've heard people on both sides of this so just collecting more information.

You can't build anything in life without the proper tools, so collect the tools first. 

With REI, graduation is achieving your financial (specific...not, "I want to be financially independent) goals.Next, you need to forget about collecting income properties at the start. 

I have no development experience however have a large portfolio of homes in the Charlotte suburbs which are solid performing assets and have done extensive rehab's on many properties from basic new kitchen/ba reno's to full structural/electrical/plumbing renovations.