It’s the driving factor behind becoming a landlord in the first place. It’s also the one topic that’s often overlooked: how to collect rent from tenants. Establishing the “how” is almost as important as the “how much,” and your collection policy should be something you agree upon ...
When he went to collect overdue rent this week, he had no idea he’d be saving the lives of his tenants. "They didn't look good and I saw a tray of white powder on the table," he said. Somberg’s new tenants at a house on Mary Day Avenue in Pontiac were only there a month ...
Excuse of the day: when it comes to collecting rent payment, property managers have often heard some strange and laughable excuses from tenants and residents. Here are a few of those excuses that IREM Members shared with JPMLeases (Humor and anecdotes)Real estate management (Humor and anecdotes...
Is it easy to pay rent each month? Is our property manager friendly and accommodating? These questions will give you a sense of how tenants are receiving your rental unit. Don’t overwhelm them with questions, and try to get into the specifics. Consider a numerical rating system with 1 as...
I’ve only received rent once. I was supposed to receive a daily amount of $17k and I only received 850, it doesn’t say anything about overdue rent and I only received rent once. Also, when lease is up, it doesn’t give a change to choose different tenants or renew if that an ...
Intercept rent from the tenants of delinquent owners If permitted in the association’s bylaws and legally possible, suspend a delinquent owner’s access to amenities All these things should be done, but there is so much more thatcanbe done to recover delinquent assessments, at no cost and no...