As a landlord, we know you rely on on-time rental payments, however, one of the biggest pain points for new and seasoned landlords is rent collection. You may worry that your tenants will be late with their payments, or worse, not pay at all. This can be a major financial burden for landlords, especially if you are counting on rental income to cover a portion of your mortgage payments.
At Verandah Properties, we specialize in property management in Lake Nona, Florida, and we know how to help landlords like you collect rent on time, every time. Here are a few of the ways we can help:
- Clear and consistent communication: We believe that communication is key to successful rent collection. We work with tenants to ensure they understand their rent payment obligations and communicate with them regularly to prevent payment issues from arising.
- Automated rent collection: We use technology to make rent collection as easy and hassle-free as possible for both landlords and tenants. We use an automated rent collection system that sends out payment reminders, accepts online payments, and tracks payment history.
- Late rent collection: If a tenant is late with their rent payment, we take swift action to collect the payment. We send out late payment reminders and follow up with phone calls and letters as necessary. If the tenant is unable to pay, we can help you start the eviction process and find a new tenant as quickly as possible.
- Consequences to tenants who pay late: Our proprietary accounting software reports automatically to Experian Rent Bureau any late rents, and the tenants are made aware of this. Since we only place qualified tenants who care about their credit, this is extremely compelling leverage and reason for your tenants to pay on time.
- Legal knowledge and experience: We have extensive knowledge of landlord-tenant laws and regulations in Florida, and we use that knowledge to protect your interests as a landlord. Our lease agreements are legally sound and enforceable, and we can handle any legal issues that may arise during the rent collection process.
Don't let rent collection be a pain point for you. Let Verandah Properties handle the rent collection process, and you can enjoy the benefits of passive rental income without the headaches. Contact us today to find out how we can help you with your Lake Nona rental property!