When you own rental property, it all comes down to rent. You need it paid and you need it paid on time. Easy, right? You get the check on the first, it clears, voila! It doesn’t take long to learn it’s not that simple. Even well-screened tenants can hit a difficulty, and one day you find yourself in the collections business or even facing an eviction.
First, the process starts back at the beginning with rigorous tenant qualification and, screening.
Then we set expectations with tenants early, communicating our firm, but fair rent policies upfront.
We offer tenants incentives for paying rent on time through the Specialized resident benefits program, which saves our tenants hundreds of dollars a month on things they buy every day.
Then we rely on our technology-driven platform that allows tenants to pay online. And the funds are electronically deposited into the owner’s account via ACH
If rent isn’t paid on time, it triggers our automatic collections process, so not a moment is wasted. Our respectful yet tough team acts like clockwork to enforce the lease and avoid delays.
We stay up to date on Texas laws and regulations so we can act as quickly as the law allows and minimize rent-free days if an eviction becomes necessary.
Finally, we keep the process professional, not personal. When you have set expectations with tenants early, clearly, and respectfully, the outcome is in their hands. With over 35 years of experience, RRC Homes can help you keep the rent coming in on time. Put our experience team and proven process to work for you.
Source: https://specializedpropertymanagementhouston.com/better-rent-collection/
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