Collections

Owning residential properties and renting them to tenants is a business. However, many landlords are currently struggling. Because of the coronavirus pandemic, many states have suspended evictions and tenants are having a hard time paying rent because of layoffs and reduced hours. However, many landlords have mortgages to pay on those properties. So covering expenses and…

Rarely, if ever, has the United States collectively experienced a crisis like this pandemic, with a wide-ranging impact in all regions and walks of life. Yet at this moment, that’s the challenge we all face, with thousands of Americans affected by the virus itself and millions more experiencing the resulting economic tidal wave of a…

If all goes well after termination of lease and inspection of the apartment, landlords return the tenant’s entire security deposit. However, what happens in the unfortunate event that a renter dies before the lease is up? Can a landlord keep the security deposit? Why Consider Security Deposit Return if a Tenant Dies During the Rental?…

Terminating a tenancy can be a lengthy and complicated process because state laws dictate the steps landlords must take to evict tenants and pursue money for unpaid rent and damages. If you have a tenant who has violated the conditions of the lease, the following information provides a basic overview of the tenant eviction process….

If you’re like many landlords, you may have at least one tenant (maybe more) that left owing you money. Chances are, it was a frustrating and upsetting experience. Their unpaid rent, damages and other monies owed are all listed in documents,gathering dust your file cabinet. It may come as a surprise to you that many…

It’s every landlord’s nightmare. And it just happened again, this time to an Omaha landlord. He reports discovering extensive damage to his rental property, including stolen appliances and fixtures, foundation damage, nine broken windows and five broken doors, including the garage, trashed carpet, and smashed drywall. This landlord estimates the damage to be about $13,000….

Technology eases the process of putting lost rent back in your pocket by Robbie Cronrod Finally, technology is coming to the rescue in the long fought battle over collecting delinquent rent. After years of struggling with late paying tenants, skips and evictions, there is a new, quick and inexpensive way to stop losing money from…

As crazy as it may sound, the smartest landlords will expect the worst. They know they could wind up a debt collection dispute with each tenant — before that tenant ever moves in. Is this a glass half-empty perspective? Perhaps not. That’s because when you do find yourself with a tenant debt collection, you’ll wish…

Sooner or later (hopefully later), every landlord is going to have a tenant who pays late. Or worse yet, doesn’t pay at all. If it happens to you, time is of the essence, and its important to have a well-conceived plan already laid out. Prevention Adopt policies that make it easy to pay rent on…

Sometimes landlords give up too easily — like when it comes to pursuing a tenant who skips out without paying the last couple months’ rent. Landlords often feel powerless when facing the prospect of legal action against a bad tenant. After all, how will they find the deadbeat? Is it worth the hassle? Backing down…