My simple SOPs: Rent collection: Tenants to set recurring ACH for payday., Repairs: Log every request, tag it by type (e.g., tenant-fixable, urgent (heat, water, safety), and cosmetic (batch monthly), respond using the right vendor list.

Next, create two buckets: a high‑yield savings auto‑draft every payday and a separate “deal costs” checking for inspections, EMD, and appraisals.

The reason for this is if you only pay per deal, they will be unsure if they ever will get paid because their payday depends on your performance.

I have always kept it to Friday is payday - as long as they have been working all week.Agree, except that 50% is not customary (anywhere I've heard about), that is still way too much.

Are you looking for an equity split, or just a quick payday? 

You then still need to focus on your savings rate but instead of putting it in a savings account it would go each payday to the HELOC until it was paid off.I have personally done all of these over the past few years.

👏Let me give it to you straight — that signing bonus isn’t always the lump-sum payday recruiters make it sound like.

Designed so that if our staff is speaking with a tenant on a Tuesday and tenant states they can pay on Friday payday, we can flex a little. 6) We train our staff to be empathetic, but firm. 7) We have to train owners to protect them from themselves.

If you are aiming for fewer but larger paydays, longer rehabs might make more sense.

It's a good payday but as I said, if you aren't a few houses in I wouldn't recommend it.