The Landlord Liaison

Landlords always want to know how to stop tenants from making late payments.  Well, the answer is easy… just never let the start making late payments, and you won’t ever have to worry about how to stop them.   Easier said than done?  Not really.  The best way to manage your tenants is to make them follow the rules of your lease.  If rent is not paid by the due date ALWAYS post your Notice to Vacate immediately, and never waive late fees; this is a MUST!  If you want your tenants to take you seriously, you must be serious, fair and professional.  I once had a tenant tell me that they paid their utility bill instead of paying their rent.  I later asked myself what the differences were between me and the utility company, and came up with one word. CUTOFF! Landlords can’t cutoff, but we can evict.  Eviction is our tool and it should be used when necessary. Happy Renting!

Filed under: Landlord/Tenant by BrokerOwner