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What landlords need to know about rent collections in Middle Tennessee

Rent collections in Middle Tennessee

 

Rent collections in Middle Tennessee can be tricky. As a landlord, your top goal is usually collecting the rent. It would be nice if rent was always paid on time and the check cleared without problems. However, that rarely occurs all the time. Even with careful tenant screening, your tenants can run into unexpected financial situations. Your rent collection process is key to helping your cash flow be as regular as possible.

Rent collections in Middle Tennessee – Set the expectations early

Real Property Management Rental Solutions has been successful in rent collecting by first starting with the careful screening of tenants. When you have a vacancy, it is tempting to rent your Middle Tennessee home as quickly as possible with the first applicant. However, we strongly advise to be patient and make sure your potential tenant has a high enough credit score and is able to prove a high enough income sufficient. We also believe it is important to check carefully for rental references. An applicant should have an income of at least three times the amount of the rent for your unit. When signing the lease, we let your tenants know Real Property Management Rental Solution’s expectations and policies on rent collection. Good communication from the start makes us strict, but fair, and policies are understood from the beginning of their residency.

Technology payment process

A rent collecting process that is technologically-based is a secure and convenient way for your tenants to pay their rent. Real Property Management Rental Solutions has an online collection option that greatly helps improve rent collection. This automated system also works for the property owner — giving a direct deposit from the collected rent to the owner. Keeping the rent collection process professional and not personal, with understood expectations, gives us the tools for a more successful renting experience.

Automated collections process

An aspect of rental property management in Murfreesboro, Tennessee, that is never pleasant is the business of collections when a tenant doesn’t pay the rent. Even the best screened tenants can have a difficult time in their personal lives that affects their abilities to pay rent on time. With an automatic collection process, the moment rent is not collected, automated notices can be sent to the tenant. These notices can be scheduled easily and speak to your tenants with respect. As soon as the law permits, an eviction process can be started with a non-paying tenant so your days without rent can be as few as possible.

Clear rent policies along with a secure technology platform through Real Property Management Rental Solutions will help your rent collections in Middle Tennessee, in towns such as Lavergne, Murfreesboro, and Smyrna, run smoothly.