Rent Collection Process

If you are a rental property owner, you understand how successful rent collection greatly impacts your profit and loss statement. Unfortunately for you, not everyone you deal with as real estate investor puts the same weight as you do on the rent collection process. Not everyone understands that you, as a landlord, have bills to pay long before you ever pay yourself. But the way you handle rent collection and late fees may be the difference between a profitable portfolio and a dead loser.

My property management company manages residential properties in Cleveland, Akron, Canton and Youngstown, OH. I will tell you, it is much easier to manage other people’s rental property than it is to manage your own. As a professional property manager, I have the advantage of enforcing the terms of your lease as part of my job. So when rent is due on a specific date for your 3 bedroom, 2.5 bath house in west Cleveland, there are consequences if the rent is not paid, in full, on the due date. My number one responsibility, as your property manager, is to protect your investment.

Often you, as an owner, do not want to be seen as a “bad” guy when managing your own rental property. But in the end, you, as an owner who does not have a tight rent collection process, will chase down tenants for rent, listen to excuses and eventually lose more precious and valuable income when you finally evict the person(s) living in your investment. A solution for you may be to hire a professional property management company to handle these difficult and uncomfortable situations for you. It is like putting a buffer between you and your tenants. As a property manager acting on your behalf, it is part of my job to collect rent on time and enforce the terms of your lease, every time with no exceptions.

So if you are in the market for a professional property management company in Cleveland, or for that matter, any part of the country, find one that sees protecting your investment as its ultimate goal. You will lose considerably less income when it comes to tenants who do not pay rent. And when it comes to evictions, a property management company will know the law, will have processes in place and will have the legal resources ready to obtain the best possible outcome for you and your investment.

All County® NEO Property Management property managers are licensed real estate agents, members of the National Association of Residential Property Managers, Ohio Association of Realtors and the North East Ohio Regional Realtors Association. Our team of professionals offer unparalleled rental property management services in the following areas: Cleveland, Akron, Canton, Youngstown and their surrounding communities.

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