Rent collection is the most important aspect of owning rental property. Ensuring that you receive payment on-time is crucial to managing a successful investment. However, even the most well-screened tenants can struggle from time to time to pay their rent on time. In some cases, you may need to begin the collections process or even be forced to evict your tenant when you don’t receive payment. Dealing with rent collection issues can be stressful and cost you thousands in legal action and vacancy times. But there is a better way! Working with a professional property management, San Antonio, Texas, team to mitigate these situations saves you from wasting time and money trying to handle it all on your own.
Learn More: How to avoid Vacancy Days and Tenant Turnover
Rent Collection Made Easy
The best property management companies in San Antonio know that having a clear and established process for rent collection makes it easy for tenants to supply their rent promptly. At Specialized Property Management, San Antonio, TX, we offer a proven, 7-step process for collecting rent and delivering it to our clients quickly and securely:
Step 1: Thorough Tenant Screening – by conducting criminal background checks, verifying employment and rental history, we ensure you have the most qualified tenant.
Step 2: Provide Clear Expectations – using comprehensive contracts and rental policy guidelines help tenants know from the outset what is expected.
Step 3: Offer Tenant Incentives – our proprietary Specialized Property Management San Antonio, Texas, Resident Benefits Program helps tenants who pay rent on-time save money throughout the year.
Step 4: Offer Electronic Payment Options – allows tenants to easily pay rent online and owners to receive funds quickly via electronic deposit.
Step 5: Automate Collections Process – if payment is not received, an automated collections process is initiated to expedite rent collections and fees in a firm but fair manner.
Step 6: Legal Expertise – being up-to-date on current laws and regulations allows us to process collections and evictions as swiftly as the law allows.
Step 7: Maintain Professionalism – being clear and respectful with tenants about expectations from the beginning makes the process professional and not personal.
Why Choose Specialized Property Management San Antonio, Texas
Being clear and consistent with expectations for rent collection helps prevent problems and builds a fruitful relationship. Allowing our experienced team to facilitate open communication between owners and tenants while avoiding difficult interactions is one of the many reasons owners choose to work with Specialized Property Management, San Antonio, TX. Call today to find out how we can help you.