About a year ago I implemented a new strategy to keeping current tenants aware that we appreciate rent payments on time. About every three months I not only drive by the property but we also do an inspection. As a reminder of the inspection period I also include in the letter our appreciation of the condition of the property (i.e. lawn kept up, landscapping added etc.,) numerous tenants have called our office thanking us for noticing even the smallest details. We have seen a decrease in deliquent tenants. I believe it has to do with this new strategy. This in turn makes a happy landlord as they are getting the rent on time every month. So for today my advise is show a little appreciation to everyone you never know how it can pay off.
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REMAX Realty Team-Cape Coral, FL - Cape Coral, FL
Your Cape Coral, FL Specialist
Frank Rubi Real Estate, LLC - Metairie, LA
FrankRubiRealEstate.com
Jessica, I go by all my properties about every three days. I give incentive to pay rent early by a reduction in the rent of $50.
Oct 15, 2009 01:28 AM
Keller Williams Commercial, Tampa Bay - Saint Petersburg, FL
J.D., M.B.A.
Jessica, I think I like a combination of Frank Rubi's idea of $50 reduction for prompt payment (on those who always seem to pay at the last minute or late) with your idea of a letter of praise and inspection, although I think 3 months is too long a period of time. Just my thoughts. Charlie Gantz, Greenwood, IN; J.D., M.B.A.; Owner/Principal Broker, Atlas Commercial Real Estate, LLC
Oct 15, 2009 02:26 AM
Rainer
7,118
7,118
Jessica Diaz
P.A., Broker Associate
Comments(3)