Originally Posted by DrinkingHard

Rental properties can be a very lucrative business, my best advice to you would be to hire a property manager to rent out your buildings and manage them/collect the rents. If you're too close to the tennants (as in collect the rents from them directly) you will be more succeptiple to giving them a break when they don't pay you on time.

When you seperate yourself from the situation you can be much more objective about the decisions you need to make and let your property manager deliver the bad news if need be.

I have little or no sympathy for people who don't pay their rents on time, I have a mortgage to pay and if they can't pay on time they are given 1 time warning and 2nd time they are on the street.

Simple as that...

DH