PORTLAND, Ore. – There’s no denying that rent collection can be one of the toughest things for most owners to do because there are some tenants who are great at making excuses for why they can’t pay the rent on time each month.
Regardless if you’ve owned rental properties for years, or you’re just getting started, it’s important to know what the top tenant excuses are for not paying rent and the solution to this problem.
Top Excuses Tenants Use For Not Paying Their Rent
“My other bills are too high”. Make rent a priority by adding simple online rent payments that occur automatically through electronic banking or credit card.
“I lost my job.” Without an emergency fund, tenants have a hard time paying the rent without a steady income. Tenants are still responsible for making rent payments, no matter what their financial situation.
“We bought a…” Tenants need to pay the rent no matter whether they’ve purchased a car, boat, or other large item. Rent needs to come first.
“My child needed a…” Children need a place to live as well. Read more about the ways that tenant portals can help your tenants keep track of rent changes, deposits, and other rental expenses so that they know how much money they have to spend on other items.
“We’re paying for school.” Whether its university or private school, your tenants need to budget for home as well: communicate about rent changes and set up online rental payments with a tenant portal.
“My car broke down, so I can’t send in the rent.” If tenants have to hand-deliver the rent or mail it, transportation can be an issue.
“I came to drop off the rent, but you weren’t home.” Online rental payments solve this problem – the portals are always open for business.
“The bank is closed so I can’t give you the rent after work. “Online banks and ATMs are always open, and adding a tenant portal makes it easier for tenants to give you the rent.
“It’s too snowy, rainy, or windy.” Internet payments work unless the power is out.
“It’s in the mail.” This classic may be true, but that doesn’t make it any less frustrating. Eliminate mailing the rent with a tenant portal.
“Work shorted me on my paycheck.” Make rent the priority with automated payments.
“I haven’t gotten my payment from the government.”
“My sister, husband, or child took the rent money.” With online payments, your tenants can quickly take care of the transaction, get the payment to you on time and avoid the risk of the money disappearing.
“I don’t have my child support payment.”
“The bank made a mistake so I don’t have the money.”
“My friend said she dropped it off for me.
“It’s lost in the mail.” Tenants don’t need to worry about the mail when you accept online rental payments.
“ We can’t afford to pay for the other items on our account. “ With a tenant portal, your tenants can see what other payments they owe to you, such as late fees or deposits.
“You made us pay for repairs.” While this may be the case, tenants are still responsible for the rent. A tenant portal will show them exactly how much they owe.
“You haven’t completed the repairs I wanted.” While tenants should expect good maintenance, they also need to continue to pay the rent.
Source – Propertyware
What’s The Solution For Tenants Who Don’t Pay Their Rent On Time?
The solution to tenants who don’t pay their rent on time is to invest in Portland Oregon Property management because an experienced team of property management professionals will handle rent collection for you, ensuring that rent is always paid on time and best of all, you will be paid on time each month as well.
Besides rent collection some of the other professional property management services we can offer you include: rental assessment, marketing, tenant placement, customer service, maintenance and so much more including
Setting The Right Rental Rate – Many owners don’t realize that they could be renting their Portland Oregon Rental Properties for more money than they could be each month. Our property management professionals will research comparable properties in Portland to determine what your property should rent for so that you can maximize your monthly income while keeping your vacancy rate low at the same time.
Tenant Screening – Our team of property management professionals will screen prospective tenants for your rental property and make sure that your town home, condo or apartment is rented by the most qualified tenant(s).
Tenant Management – When tenants have problems, questions or issues that need to be addressed they will call us and save you the time, money or hassle of having to deal with tenants yourself.
Rent Collection – There’s no denying that rent collection can be a difficult time of month for some owners due to tenant excuses, thankfully with our Portland Oregon Property Management team you can count on us to have rent collected on time and deposited each month.
Maintenance – If your rental property has maintenance needs you can count on Property Management Systems to handle all maintenance at your rental property so you will no longer have to deal with maintenance problems or requests yourself.
Online Portal – Thanks to our online portal you can stay on track of what’s happening at your rental property, regardless of where you are in the world and our online portal also makes it easy for your tenants to pay their rent and communicate with us if they have issues or problems that need to be addressed.
Learn more about our property management service by calling us at (503) 515-3170 or click here to connect with us online.