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Updated 12 months ago on . Most recent reply
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Strategies for delinquent tenants???
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
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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.
- Travis Bohling
- [email protected]
- 602-898-3924
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