Skip to content
×
Try PRO Free Today!
BiggerPockets Pro offers you a comprehensive suite of tools and resources
Market and Deal Finder Tools
Deal Analysis Calculators
Property Management Software
Exclusive discounts to Home Depot, RentRedi, and more
$0
7 days free
$828/yr or $69/mo when billed monthly.
$390/yr or $32.5/mo when billed annually.
7 days free. Cancel anytime.
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Managing Your Property
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated 12 months ago on . Most recent reply

User Stats

45
Posts
46
Votes
Andrew West
  • Investor
  • Salt Lake City
46
Votes |
45
Posts

Strategies for delinquent tenants???

Andrew West
  • Investor
  • Salt Lake City
Posted

Hi BP Community!

I own a triplex in a C-class area, and with the territory comes the inevitable late rent payment (or non-payment altogether).....Don't worry, I budgeted for this!

I'm wondering what the opinions are out there for communication strategies in these instances. Have you found any particular approach to work well? As an owner should I reach out to the tenants in any way? Do you just leave this fully up to your PM?

My PM has a standard/automated notice that goes out in the 2-day and 7-day windows, but this doesn't seem to be very effective. I struggle with just sitting by and waiting (especially knowing the fees rack up for my tenants the longer they go without paying!).

Let me know your experience!

Most Popular Reply

User Stats

60
Posts
73
Votes
Travis Bohling
  • Property Manager
  • Gilbert, AZ
73
Votes |
60
Posts
Travis Bohling
  • Property Manager
  • Gilbert, AZ
Replied

I would avoid communicating if you have a PM in place. This will only weaken the PMs collection authority. 

Rarely do I find that delinquent tenants have the money but are just waiting on 1 more collection phone call before they pay.

business profile image
Home Ladder
5.0 stars
259 Reviews

Loading replies...