Accounting is tricky enough as it is. Throw late payments into the mix, and accounting can become really challenging for landlords, property managers, and HOAs. If payments don’t come in on time, it makes it harder for you to pay your vendors–and yourself. You might need to put off repairs. You might inadvertently overdraft your […]
Last month in Collier County, Florida, residents of three communities woke up to the news that their rent checks had been stolen. Two men had broken into the deposit boxes where residents could drop off their checks once the community’s office had closed, getting away with tens of thousands of dollars. How does this surprisingly […]
The post Are Your Residents’ Checks at Risk? Here’s How to Secure Your Drop Box appeared first on All Property Management.
Pay your fees (Association Fees or Rent) with CASH at 7-Eleven Make payments 24 hours a day, 7 days a week (avoid late fees!) at any participating 7-Eleven store. Eliminate the need to drop off payments at the office Complete […]
By Tracey March At the core, rental owners are in the rental business because they want rental income. If tenants don’t pay their rent, rental owners don’t get paid and they may have to initiate costly and time-consuming evictions. Property management professionals know that the method used to collect and process monthly rent impacts whether tenants make on-time rent payments. A good rent collection and payment system should meet two requirements. First, it should make it easy for the property owner or manager to collect and track payments. Second, it […]