One of the most crucial challenges that landlords have to go through each month is the collection of rent. Often tenants fall behind on their rent citing some excuse or another. It is important for a landlord to make sure that his tenants pay their rent on time or lose out on their rental income. The following are some useful tips landlords can use to prevent their tenants from falling behind on their rent.
Selecting the Right Tenant
The most obvious and important tip is to select a tenant that is most likely to pay the rent on time. Landlords who choose their tenants wisely never have to worry about late rent payments. There are a number of ways of ensuring that you have chosen the right tenant for your rental property. You can check their credit history and their current financial standings to see whether they are capable of paying the full amount of rent on the due date or not.
Keeping Records of Rent Collection
Some tenants take advantage of landlords who do not keep records of rent collection and try to get away with the month’s rent. Therefore, it is extremely important that you note down each rent payment made by the tenant in a diary or note book so that you can show it to them if they try to con you. Moreover, in legal proceedings as well such as in an eviction case, it is compulsory for a landlord to produce the record of rent payment made by the tenant in court.
Performing Necessary Repairs
It has been observed that some tenants try to get away from paying the rent each month by complaining about the repairs that need to be done at the rental property. To avoid such situations, it is crucial that you perform all the necessary repairs as quickly as possible so that your tenant doesn’t have anything to complain about when you ask them for the rent on the due date.
One of the best tips that landlords can use to prevent tenants from taking rent payment lightly is to keep on visiting the rental property every few months. This way you will show the tenant that you care about your property and will not compromise on late rent payments. However, do keep in mind that you will have to ask permission from the tenant before entering the rental property when you visit.
At Fast Eviction Service, help on any of the issues discussed in this article is simply a click or phone call away. Email firstname.lastname@example.org or call our office at (800) 686-8686 to discuss your questions for a free evaluation of your case.
Late Rent Fees In California: How Much Can Landlords Charge?
Although we would all love to have every tenant pay their rent on the first of the month time after time, we must speak about the elephant in the room. How much can a landlord charge for late rent fees or bounced checks in California? Read More...
Should I Let My Tenants Use Up The Security Deposit As Rent?
The security deposit is an important part of any tenancy agreement because it ensures that the landlord would always have some security money from the tenant which can be used up in case of any emergency during the tenancy period. The bond normally comes in handy when the tenant disappears all of a sudden or when you need to get some repairs done after the tenant has left the property. Read More...
Top 6 Tips To Increase Rent Without Losing The Tenant
Believe it or not, raising the rent is an art, just like a majority of other aspects of property management. One needs to consider a number of issues prior to raising the rent and unfortunately most of them are human elements. Read More...