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Tenant Owes $21,000 in Late Fees: Court Rules in Landlord’s Favor

American Apartment Owners Association

The case highlights the power (and potential risk) of enforcing daily late fee provisions in lease agreements. Foster had rented a single-family home from landlord John Schutt starting in 2018 for $1,900 per month.

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Rent Collection: What The Best Property Managers Do To Get The Most Money For Their Client

Property Management Inc.

October 9, 2018 Maintaining a reliable cash flow is key to obtaining maximum profit for rental property owners and the greatest factor in reliable cash flow is the ability to consistently collect rent on time. Reliability Speed Transparency How a property manager addresses these factors is detailed below: 1.

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Rental Scams: What Property Managers Must Do To Prevent Listing Fraud

Property Management Inc.

According to a July 2018 survey by Apartment List, 6.4 For a property manager, fraud not only costs you time and money, it also damages your reputation, which can result in poor word of mouth that takes a bite out of your revenue later on, even years down the line. million U.S. rental fraud victims per year. Furthermore, 43.1

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Do You Want To Sell Your Property Management Business Someday?

Property Management Inc.

August 31, 2018 By Aaron McElhiney, PMI Director of Acquisitions You will most likely come to a point where you’ll want to sell your property management business, you may be ready to pursue other business opportunities, or it might be the right time for you to retire. Be able to show 3+ years of stable growth.

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Tenant Screening: What The Best Property Managers Do To Get The Most Money For Their Client

Property Management Inc.

September 11, 2018 If a property management company has marketed a property effectively , they will soon have a stack of applications to review and a number of potential tenants. Using a thorough tenant screening process, property managers reduce the risk of property damage, lost income, or eviction.