Phone: (941) 377-8400
Fax: (941) 378-5863

Sarasota Management Blog

How to Get Your Sarasota Tenants to Pay Rent On Time

Web Admin - Thursday, May 14, 2015

Today, we’re talking about how to get your tenants to pay their rent on time. Chasing down the rent every month is a problem most people can do without. The later the rent is, the less likely you are to collect it.

Screening

First, most landlords know that tenant screening is important. We want to reinforce that and tell you not to skip this step. It counts as 70 or 80 percent of your success in collecting rent on time.

Enforcement

You have to enforce the lease. If it calls for rent to be due on the first of the month, you should serve a Three Day Notice on the second or third of the month. If the rent is late, there should be a clause in your lease that says the tenants must pay with a cashier’s check or money order. Hold firm on this requirement because you’ll send a message that this is a serious issue.

Communication

We feel that the best communication is action rather than words. Don’t contact tenants to remind them the rent is late. They know this. Either they have chosen not to pay you or they don’t have the money. Just go about your business of enforcing the lease.

Eviction

Finally, eviction is a strategy. We recommend that if the rent is two weeks late, you begin the process of filing an eviction. This doesn’t mean you have to complete the eviction. If the tenants can come up with the money and catch up with rent and pay your legal expenses, you can call How to Get Your Sarasota Tenants to Pay Rent On Timeoff the legal process. But if they don’t, then you can get the property turned around quickly while you still have money to work with from the security deposit.

If you’re a landlord in Sarasota, Bradenton or Lakewood Ranch area and you have a problem collecting rent, contact us at Sarasota Management & Leasing, and we’ll discuss your options and recommend the best course of action.



Sarasota Management and Leasing
70 Sarasota Center Blvd
Sarasota, FL 34240

Phone: (941) 377-8400
Fax: (941) 378-5863

Sarasota Property Management | Bradenton Property Management | Lakewood Ranch Property Management | Sarasota Homes for Rent | Bradenton Homes for Rent | Lakewood Ranch Homes for Rent

Copyright © 2014 Sarasota Management and Leasing. All Rights Reserved.
Property Manager Website powered by PMW | Sitemap

Terms of Use and Copyright Notice

If you believe that your intellectual property rights have been violated by Sarasota Management and Leasing or by a third party who has uploaded Content on our Site, please view our Copyright Notice and contact the Sarasota Management and Leasing designated copyright agent listed here.