Dealing With Late Rental Payment Notice As A Landlord
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Need for Rental Property Management Investing in a rental property can be an exciting new project, especially in the current climate of profitable rental properties reaching new heights. At this point, many people are looking for best rental property management in Orange County CA, as balancing their personal life, career and family with the rental property can be quite overwhelming. One of the most common disputes between Landlords and Tenants is rental payments, more specifically late rental payments.
The following stages you must follow when dealing with late payment.
Check Your Files Before issuing a late payment rental notice, check your files! This is important as you need to ensure that according to all documentation, you should have received payment. Go over your Landlord Tenant Lease Agreement and check all previous payment records to confirm the date you should have received the rent.
Late Rental Payment Notice As a Landlord, the ideal tenancy would be one in which you have perfect tenants that maintain your property so it is in pristine condition at every visit and all rental payments go through on time. Serving your tenant with the late rental payment notice notifies your tenant that their rent is overdue and that, if stated within the lease, they owe a late payment fee, and anything else stipulated within the terms.
Follow up call If you still have not received payment after serving your tenant with the late rental payment notice, make a follow up call with the tenant. To avoid potential harassment, only do this once and with the benefit of speaking to the person, you may be able to get to the bottom of why the rent has not gone through yet.
Eviction Process If you were unsuccessful in both the late rental payment notice and the follow up call, you will need to draw up an official document, the pay or quit notice. Your lawyer can write this notice that clearly states your intent to evict them, the money the tenant owes you including all late payment fees and the date that it needs to be paid by. After this, depending on your local statutes, you will have to wait around 3-5 days before you can file for eviction papers.
Why You Should Use Property Management Company? Many landlords look for the best rental property management in Orange County CA, not just because of the time required to handle this, but because they do not feel comfortable in knowing they have a full understanding of this process. Property Management Companies, like Goodman Management Team, are fully qualified to handle any of these issues.
Best Rental Property Management In Orange County CA Goodman Management Team are reputable as being the best rental property management in Orange County CA with their hands on approach to optimize your investment. They can handle repairs themselves, as many of them are fully qualified engineers and handymen, and prevent you from paying extortionate amounts to a company. Also, they can swiftly and professionally handle any tenant disputes.
Get in touch with Goodman Management Team to find out how they can help you make the most of your property.
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