Collecting Rent For Your Investment

Collecting rent is easy if you have the perfect tenant who pays on time! But what if they don’t? Having someone in your corner who knows tenant law and the proper notices to send is critical!

What happens when a tenant doesn't pay rent?

If the rent is not received on time, then the following process begins:

• We contact tenants with a 48 hour notice that legal action will be taken
• If there is no response or payment within 48 hours of this notice, the tenants are served a 3-day notice drafted by an attorney (most late paying tenants pay following this notice)
• If there is no response or payment within 3 days of this notice, then a court date is scheduled within 12 days, and they are evicted
• The tenant is given detailed move-out instructions regarding the consequences if the property is not left in good condition

We have found that if tenants get behind by more than one month, they almost never get caught up, so our system does not allow this to happen. We will typically have them out in the same month they don't pay rent. Any unpaid charges that are not covered by the security deposit are pursued through a professional collection agency.

We are very strict in our collection process. Whatever their circumstances, they do not become your charity case. We can help tenants with legitimate problems find help from different charitable organizations. But we are hired by you to protect your interests. If the tenant can't pay the rent, we need to find a new tenant that can.

*It should be noted that our eviction rate is less than one percent. Our thorough screening process eliminates most of these situations before they happen. We rent to good, clean people. If they have a problem during a lease, such as loss of job or divorce, they will communicate with us. If they have to vacate the property, they leave it in good condition because they are good, clean people.