Property Management News
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 of these collection files that you have “written off” as uncollectible are actually worth money! With the economic collapse that began in 2008, a lot of tenants lost jobs and the ability to pay rent. Subsequently, landlords got the short end of the stick since these tenants often left owing thousands of dollars in unpaid rent and other damages. But as the tepid... Read more
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,...
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...
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...
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...
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 only encourages tenants to repeat the pattern. Eventually, it will catch up with them — but only after a landlord decides to take action. Protect yourself from a deadbeat tenant: Always demand a completed rental application, including personal reference and emergency contacts. That information creates a trail to their door, and makes collection possible. Keep good... Read more
There is no need to feel powerless when it comes to collecting delinquent rent from deadbeat tenants. In fact, landlords have more power than they may realize. Many...
The demand for tenant debt collection is growing, and landlords need to stay one step ahead, especially when they are shopping for an investment property that is subject...
Some landlords approach a problem tenant with a sense of apprehension. It’s true that if the tenant must be evicted, the process can be stressful, and...
If you have old, uncollected rent files, you may be sitting on a wad of cash. “Many landlords just give up when the tenant skips and they cant find a new address....
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