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monthly non-paying process

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Services for Real Estate Pros with HomePointe

 

Every month I go over my arrears report to track down tenants that have not paid. Rent is due on the 3rd (as per my lease).  On the 4th of the month I draft my 3 day demand notices and deliver them to tenants that are outstanding.  Some tenants will pay immediately, others call and begin their saga, and another portion does not respond.  After 3 days if rent is still not collected eviction process is underway. Every month the process is the same. I am hoping this month the number of non-pays will dwindle. We will see on the 4th

 

 

Alexandra Machado

www.HomePointe.com

HomePointe Property Management

 

Comments(2)

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Jody Lautenbach
Century 21 Premier Associates - Pella, IA

There is always a story. They can get really creative. It's not a great job to have to do - I've been there myself.

Jun 01, 2010 07:53 AM
Robert Machado
HomePointe Property Management, CRMC - Sacramento, CA
CPM MPM - Property Manager and Property Management

One thing you can count on is that there will always be some tenants in trouble.  You just never know who will be the next one.  Then there are those repeat offenders who would rather pay late fees than find a way to pay on time.

Jun 02, 2010 06:47 PM