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Thanks for the replies. We'll be self managing but using a property manager to advertise and select tenants. I agree that its best to go with the time frame that is most convenient to the tenant.

Is there, or should there be any preference as to when the tenant pays their rent? I would have thought having it tied to a day or two after the tenant's pay date would be the most beneficial for getting the rent on time (especially if they are coached as to how to set up a direct debit). We...