All Forum Posts by: Bradley Auclair

@Keith A.

Pressure Washing,

Very good money for just the weekends.

Hello BP community,

I’ve owned my rental since January of this year.

Out of the 4 months that our new tenant has been renting from me, they have been late on the rent 3 times so far. Mostly they pay anywhere from the 8th-14th of the month, but do end up paying a late fee of 10% after the 4th as stated in the lease. Rent is due on the first so this is very frustrating. I don’t want to keep charging a late fee on this tenant but I don’t want to be relaxed about the rent not being paid either.

I was wondering how I should move on with business in this situation, or if anyone has had experience with tenants like these. If so, what did you do about it?

I have considered changing the due date on rent, or coming to some sort of compromise where we can get rent paid in a timely manner.

I’m new to landlording, and I want to do everything as professional and by-the-book as possible. Even though I only own two units, I want to operate my rental in the best interest of its own business.

Please, if you have any insight on this topic, let me know. I appreciate any information in advance.

Thanks

Hello BP,

Does anybody have any input on managing properties long-distance?

I’m 21 years old and active duty military. I own a duplex with my wife here in Beaufort. I plan on buying another multi-unit somewhere in South Carolina or back in my home town when I get out of the military next year. I’m curious if anybody has some tricks-of-the-trade for managing properties when you’re far away from them.

I’ve looked into utilizing a property manager but if it’s possible I want to manage my property myself to increase my cash flow.

I appreciate any information, thanks.