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What is the biggest challenge multifamily investors are facing in 2026?
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What are your Deposit Requirements?
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What is your current late fee percentage? Ours has always been 5% and I am wondering if it should be increased or not.
Vicki Sharp
In Tennessee it's 10%. State law allows that, and most companies use it.
Kimberly Halstead
10% in Virginia
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Should someone with an eviction be given a second chance?
Kristi Bender
The problem is, this is a black and white question and the answer is complicated.
What was the reason for the eviction? Was it non-payment or did they violate the lease in an egregious way? Have they rented since? What are the other aspects of the rental application? Credit, background, other rental history? How long ago was the eviction?
In certain circumstances, yes, an eviction should be considered but it's not a one size fits all answer.
What was the reason for the eviction? Was it non-payment or did they violate the lease in an egregious way? Have they rented since? What are the other aspects of the rental application? Credit, background, other rental history? How long ago was the eviction?
In certain circumstances, yes, an eviction should be considered but it's not a one size fits all answer.
Vicki Sharp
I agree either way you to a certain point Kristi Bender, but most of the time these factors really are not at the heart of the issue. By the time we get to, and through the eviction process, the resident has had lots of chances to cure the problem.
The company o work with now will accept a prior eviction if the money owed has been paid. I certainly would not consider it in other way.
The company o work with now will accept a prior eviction if the money owed has been paid. I certainly would not consider it in other way.
Kathy Vance
Too many variables. Need more info. Typically, I might say no, because once I get to the eviction stage I know we have tried all kinds of ways to reason or work with the resident. But, I have no idea what the process is for the person posting this so I don't know if they go to eviction without any other efforts or considerations.
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POLL: Please share your firm's chosen AI tool (corporate)
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Want to try AI for your property management?
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13 MayOnline!Event starts in:
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