Tips For Effective Rent Collection      

Rent collection is the nuts and bolts of every rental property business because if your tenants don’t pay their rents on time, you won’t have the income that you need to cover your mortgage payment and other expenses.

Thankfully, even though you may have had a problem with rent collection in the past, you can get back on track with your tenants by following these tips.

Tip #1 – Create A Rent Collection Policy

One of the most important things to do when renting property to tenants is to have a rent collection policy. This means that you must state in writing how, when, and where you expect to be paid rent.

Breaking it down, your rent collection policy must include the following:

  • When rent is due
  • How much must be paid
  • Grace periods
  • Late fees
  • How tenants can pay

Creating a ‘rock solid’ rent collection policy will eliminate any guesswork about Oregon rent collection and ensure that your tenants are on the same page as you regarding their responsibilities.

Tip #2 – Don’t Ignore Tenants Who Pay Late

Once you encounter a tenant who pays late, don’t ignore their late payment.

Dealing with tenants who pay late is a vital part of owning rental properties because, once you ignore those tenants who pay late, there’s a strong possibility that they will pay late again in the future. After all, you let their last late payment slide.

Tip #3 – Offer Multiple Ways For Tenants To Pay Their Rent

Since we live in the internet age, it’s more important than ever before for landlords to offer their tenants more than one way to pay their rent.

This means that you should allow payment by debit, credit, ACH, check, etc. because, it’s an effective way to eliminate the age-old excuse from tenants that ‘the check is in the mail’.

Tip #4 – Hire A Property Manager

Last of all, but most important, hiring a property manager is the best way to ensure that rent is paid on time each month because a property management company will ensure that rent is paid on time each month and you won’t have to do any work yourself.

Contact Rent Portland Homes – Professionals

At Rent Portland Homes – Professionals, we save tired owners the time, money, and hassle of managing rental properties themselves.

Besides rent collection, our team also specializes in accounting, maintenance, collections, property marketing, and more.

For a property management quote, contact us today by clicking here or calling (503) 447-7735 or click here.

Rental Property Maintenance Tips For Making The Carpet In Your Rental Last

Searching for rental property maintenance tips? If so, you’ve come to the right place!

Flooring can be one of the most expensive investments that a landlord can make in their rental property and if the landlord doesn’t screen and place the most qualified tenant, they could find themselves replacing the carpet in their property every 12 months.

If you don’t want to replace the carpeting in your rental property every 12 months, make sure you follow these simple tips.

Tip #1 – When Laying Flooring, Add A Hard Surface Area At All Entry Points

During the process of laying flowing at your property, you should always add a hard surface area at all of the entry points at your property.

Doing this will encourage your tenants, and their guests, to wipe their feet before entering the property and this one simple tip will greatly reduce the spread of dirt on the carpets inside your property.

Tip #2 – Get The Carpets Professionally Cleaned Once A Year

It doesn’t matter if you just invested in new rental property carpeting 12 months ago, you should have those carpets cleaned at least once a year.

An annual carpet cleaning will stop dirt and filth from becoming fully embedded into the carpet pad and will help to preserve the lifespan of the carpeting as a whole.

Tip #3 – Give Your New Tenant A Good Vacuum Cleaner

One of the best things you can do for new tenants is to give them a new vacuum cleaner when they first move in.

This simple gesture will encourage them to vacuum more often and ensure that they will have the tool that they need to keep the carpet inside your Oregon rental property clean.

Contact Rent Portland Homes – Professionals

At Rent Portland Homes – Professionals, we specialize in local property management for the Beaverton Oregon area.

To learn more about the property management services that we can offer you, contact us today by calling (503) 447-7735 or click here to connect with us online.