I only have one rental but my thoughts are the key is good tenant screening in the first place. I've been blessed that a tenant has never missed a payment. It is of course easier since I live in town and my focus is picking the right tenant and making certain the house stays in good condition.
Good article.
Exactly, I do a whole chapter on tenant screening in my ScaredyCatGuide investing in rental properties book. Sharing all the tips and tricks I use to find a solid tenant. :-)