Rent Payments Monitored Daily
Rent arrears can impact on the performance of your investment property and your emotional wellbeing if not managed correctly. Bad things can happen to good people and should your tenants find themselves in financial struggle or stop paying their rent for any reason, a diligent rent monitoring system will ensure that you as the landlord are not out of pocket.
This includes checking rent payments daily and issuing the appropriate notices as permitted by legislation. We will also inform you immediately should your tenant fall behind in rent by more than three days.
The software our property management team uses provides daily reports of any rental arrears. Our detailed follow-up process will continue to proactively work with the tenant in an attempt to resolve any rent arrears. Formal notices will be issued in line with legislation to not waste any precious time in the recovery process.We will keep you in the loop along the way.
Tenants are only human and to make life easy for them to pay their rent on time and to avoid arrears in the beginning we offer our tenants an automatic payment option through a direct debit from their bank account that helps guarantee your rent coming in week after week.
At Property Only, we are proud of our Zero tolerance for rent arrears because we know that for most landlords the rent pays the mortgage. That is why we also offer a Premium Service Guarantee for ABSOLUTELY NO ARREARS. Yep, we guarantee it!! Ask us here for more details.