Tax Season

By
Services for Real Estate Pros with Homepointe Property Management

One common excuse I hear about late rent is, "I will pay my rent when I receive my taxes!" Don't be fooled. Rent should always be paid on time, no excuses. It is the dwelling where tenants have clothes, beds, all their belongings, kids, a roof for protection, so they also need to understand top priority in their check book needs to be writing a rent check on time. Sometimes tenants need to be reminded that if they do not pay rent, they will be evicted. If court action is required, then owners should proceed. This will help future owners from going through the same process (granted they do a check before they rent their property), but it lets the tenants know that nothing comes free and someone has to pay for their living expenses. That's where this property manager steps in as the bad guy. 

Comments (1)

Wallace S. Gibson, CPM
Gibson Management Group, Ltd. - Charlottesville, VA
LandlordWhisperer

I have rental prospects that say they are waiting on their tax refund to arrange for a new rental home and pay their move-in monies.

I agree - this is very poor financial management for such an important necessity

Feb 28, 2012 05:10 AM