When you are owed money, it can be difficult to let go of that debt. After all, you worked hard for that money and you deserve to be paid back in full. However, there are times when forgiving a debt could be the right thing to do. We are a… Read More »Forgiving Commercial Debts: Should You Ever Do It?
Owning apartment complexes in college towns can be very profitable. After all, college students need a place to stay, and dorms are often very expensive. While students are always plentiful and ready to rent, you still might run into some trouble if you’re not careful. Students have their hands full.… Read More »Challenges Landlords Face When Renting to College Students
When running an apartment complex or managing multiple properties, it can be difficult to keep track of all your tenants and to make sure that they are paying on time. It gets even more complicated when you realize that some tenants are months behind on rent, or when your tenant… Read More »If You’re a Landlord Use These Tactics Collect Late Rent From Tenants
A Texas federal judge ruled that the CDC moratorium on evictions is unconstitutional. The moratorium was enacted after Congress authorized the CDC to take steps to stop the spread of communicable diseases. Many people were concerned that mass evictions would lead to homelessness for many individuals, and the homeless population… Read More »Texas Judge Rules Against CDC Eviction Moratorium
The past year has been very difficult for American businesses. Due to lockdowns and social distancing restrictions, many businesses have seen greatly reduced income or had to shut down completely. All of this has had a trickle down effect on the rental industry. Widespread business losses have caused massive unemployment… Read More »How COVID-19 Is Affecting Apartment Collections
I can’t think of a time when people have been as ready for a new year as they were at the end of 2021. Sure, people make resolutions and promise a “new year, new me” every year, but there is something different about this particular transition. Even now, a few… Read More »How To Set Your Business Up for Debt Collection Success in 2021
Staying on top of residential rental market debt is something on the mind of every property manager, especially with new clients or prospects. When it comes down to it, dealing with debt is just part of doing business, and perhaps inevitable. However, setting realistic expectations around debt recovery—and knowing when… Read More »It’s Important for Property Managers to Hire a Collection Agency: Here’s Why
For property owners, rent payments are typically made on time. This is due to a standardized and streamlined payment process with high expectations. However, there are still tenants who don’t pay or fall into debt. However, landlords and property owners have options when it comes to collecting debt. Below is… Read More »6 Debt Collection Tips For Property Owners
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