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

American Apartment Owners Association

In a ruling that could reshape how landlords approach late rent fees, the Kansas Supreme Court last week upheld a district court’s decision requiring a tenant to pay over $21,000 in late fees for missed rent payments dating back to 2020. The district court ruled that Foster owed $5,700 in unpaid rent and $21,240 in late fees.

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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. Reliable rent collection doesn’t end with signing a reliable tenant.

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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 Potential tenants should also make sure the property is not in foreclosure and the property manager has legal right to rent it to them. If a manager tries to dissuade a tenant from seeing the property in person before renting, that’s a red flag. million U.S.

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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 market rate rents with annual increases.

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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. Past behavior is the best predictor of future behavior and if an applicant has a history of late or unpaid rent they are a financial liability.