Reply: Have you ever taken over a large property with huge delinquency??

Name
Leave blank to post anonymously.
E-mail
Your e-mail address will never be displayed on the site.
Subject
Attachments
's Avatar
Gus Gusman
Whatever program, strategy that you decide on -- be consistent and follow through. I have seen property managers undermine themselves by waffling and not being responsive.
Posted 2 years 3 months ago
's Avatar
Gus Gusman
HUGE fistbump. That is brilliant. Kudos to your friend!
Posted 2 years 3 months ago
's Avatar
Tjuana Williams
Most of us had the same answer. We have to change there thinking pattern now. They are so use to getting free assistance that they think they don't have to pay and wait for us to do the paperwork for them. I'd a new day in our industry
Posted 2 years 3 months ago
's Avatar
Bonnie Sarah Marie Tinsley
Everyone setting up payment plans-are these managed in office using your management software or a 3rd party provider?
Posted 2 years 3 months ago
's Avatar
Megan Orser
We paid a percentage of what was collected as a commission.
80% is making the calls, sending the letters and keeping consistent, our team just needed some motocross keep it top of mind.
Posted 2 years 3 months ago
's Avatar
Lori Doles-Manges
Immediately send out a notice or strict compliance that rent is due on the first. Those typically need at least 30 calendar days before they can be considered in effect. Make sure each delinquency is correct & start sending out 3 day notices on those over $100. The 3 day notices will get peoples attention enough the contact you to discuss. Once you find out why they are behind help put them in touch with people to help. I have a list put together of places that help with assistance. If you find they don’t qualify for help give them the opposite to put together a repayment plan. If nothing evict. Make sure you keep good notes on each collection effort. This will be helpful if questioned during an eviction process.
Posted 2 years 3 months ago