The expenses for your investment property need to be paid, whether your tenant has paid their rent or not.
It is important to take action early to minimise potential
losses that can arise due to rental arrears.
If you already are a RealRenta
Landlord, the platform will automatically notify your tenant as soon as the
payment is overdue, with a Reminder Notice and then later, a Breach Notice.
Here are some tips from RealRenta for landlords, when your tenant fails to pay rent:
· Agree to a payment plan- sometimes agreeing to a
payment plan is cheaper and easier than finding a new tenant
· Refer your tenant to the relevant tenant’s
organisation in your area, for additional advice and support.
Remember, prevention is better than the cure.
Take advantage
of RealRenta’s Bad Tenant Checks, beginning from as little as $25.
RealRenta is for Smart
Investors, who realise that they are no longer bound to traditional property
management and the associated high fees.
Trial
RealRenta for Free now: https://app.realrenta.com/Signup.aspx
Jason Gwerder
Tuesday, 9 July 2019
