The Secret to Rent Collection You'll Love: Property Management

The Secret to Rent Collection You'll Love: Property Management

Rent collection is one of the more difficult things you have to do as a property owner. 

If you own residential or commercial properties, then once a month you've got to collect your rent. There are numerous ways to collect rent from tenants and it might seem simple on the surface, but it can be a contentious job. This is especially true if you have to chase them down for it.

Today, we're going to tell you the secret to rent collection. Hiring a property manager is a great way to relinquish some of the many responsibilities of being a property owner, rent collection included.

Keep reading and you'll learn more about the benefits of property management services and why you should hire one.

Dealing With Rent Collection

Rent collection should be simple, but it usually isn't. When you sign a rental agreement with a tenant, how and when you'll collect your rent should be clearly outlined. That won't stop some tenants from paying late or trying to not pay at all, which can really put a damper on things.

One of the keys to collecting rent is making it easy for every tenant by providing them with multiple payment channels. For instance, most landlords collect online, but that's not always the best way to collect rent from certain tenants.

Older tenants might prefer to use cash or cheque, while younger ones will probably prefer contactless online payments. As long as you get your money, it shouldn't matter how it comes, but it can be a lot of work managing money coming in from all angles. That's why it's best to hire a property manager.

What Property Management Can Do

A good property manager will take rent collection out of your hands and make running your property, as well as dealing with your tenants, a breeze. At Inheritance Realty Group, we make sure that you get paid as soon as your tenant pays.

You don't have to worry about the money showing up in your bank account or having to deposit cash or cheques yourself. All funds are sent via electronic transfer that we set up when you sign the property management agreement. 

The Many Benefits of Property Management Companies

There are countless benefits to hiring a property manager. With our services, we'll give you a free rental price analysis. This can help you determine what to set your rent prices at in order to get the best tenants and make the most money on your investment.

Not only does a property management service like ours cover all rent collection, but we help with marketing, tenant screening, and eviction protection as well. If you need regular maintenance performed on your property, we'll do that too.

If you're tired of managing your Columbus-area properties on your own, then it might be time to try out Inheritance Realty Group. You can visit our website today to learn more about what we do and our pricing.