Property Management Blog

  Among all tenant problems which have been encountered by most rental home owners, delinquent rent payments would surely top the list. And since profit is the main objective of any business, late and uncollected rents pose a great challenge for the landlords. In property management Hampton however, this can be avoided. By entrusting the rental home to a reliable property manager, the rent collection can be handled effectively.   Delinquent tenants give a multitude of reasons why they cannot pay on time, and this usually happens because they were not screened properly. One of the best ways to prevent this problem is by implementing a strict tenant application process. Property management companies usually charge an application fee beforehand. The payment will be used to fund the legwork in the investigation process. Apparently, most independent landlords skip a lot of this scrutiny for fear that they might prolong their unit's vacancy. Nevertheless, property management companies usually have a long waiting list of tenants so their clients won't have to worry too much.   By conducting intensive tenant screening processes such as credit history assessment, criminal background check, and strict lease agreement, the property manager can be able to find a tenant who can pay his dues. Moreover, by offering convenient payment schemes such as online payments, rent collection will be much easier.