matthew.bishop@clicknotices.com

About Matthew Bishop

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So far Matthew Bishop has created 18 blog entries.

How Much Does an Eviction Cost?

2018-03-19T14:40:59+00:00

In a perfect world, a resident is timely with their rent payment, gives proper notice to quit and leaves the rental property on time and in good repair. However, the reality of operating a rental community includes residents who, for economic or other reasons, are sometimes delinquent with their rental payments. Last year, approximately 20 [...]

How Much Does an Eviction Cost?2018-03-19T14:40:59+00:00

Company Settles Class Action Suit by Tenants – What Property Management Professionals Can Do to Prevent a Similar Problem

2018-04-04T11:13:21+00:00

“Tenants Sue Property Management Company Over Outstanding Fees” – Now that is not a headline you expect to see in the multifamily industry. But that was the case for Dunn Wright Services, who was a defendant in a class action suit by more than 1,400 tenants. The claim? Residents accused the property management company of [...]

Company Settles Class Action Suit by Tenants – What Property Management Professionals Can Do to Prevent a Similar Problem2018-04-04T11:13:21+00:00

7 Tips to Tame Delinquent Rent

2018-03-19T14:26:52+00:00

Collecting rent is one of most fundamental responsibilities of a property manager. Unfortunately, not all residents pay their rent on time, and some won’t pay at all. As we’ve shared in previous articles, delinquency management in multifamily properties is an important, and often overlooked contributor to operational performance. In addition to the obvious and direct [...]

7 Tips to Tame Delinquent Rent2018-03-19T14:26:52+00:00

What is Multifamily Delinquency Management?

2018-03-19T13:46:57+00:00

In 2014 there were over 3.4 million eviction cases in the apartment industry. What’s more, if you manage class B/C properties delinquency rates of 10 – 30% are quite common. While the direct implications of this situation are obvious, what’s often overlooked are the indirect and opportunity costs associated with how you manage the process. [...]

What is Multifamily Delinquency Management?2018-03-19T13:46:57+00:00

When a Tenant Files for Bankruptcy, The Best Defense is a Good Offense

2018-03-19T13:48:09+00:00

If tenant has failed to pay their rent, you might find yourself in court to pursue an eviction. That’s bad enough. Then your tenant tells the court they have filed for bankruptcy. Upon confirmation of the filing, the court will immediately stay eviction proceedings for an indeterminate period of time. Now you’re left with a [...]

When a Tenant Files for Bankruptcy, The Best Defense is a Good Offense2018-03-19T13:48:09+00:00

If At First You Don’t Succeed, File File Again

2018-03-19T13:35:48+00:00

Why do we file against delinquent tenants? The answer seems obvious: We file to ensure we receive our rent. Once we’ve filed, we wait for the process to run its course. We’ve done all we can do. Right? All too often, multifamily property managers file on tenants who are late, only to have their efforts [...]

If At First You Don’t Succeed, File File Again2018-03-19T13:35:48+00:00

Failure to File, Failure to Flourish: Five Reasons Property Managers Don’t Start the Eviction Process

2018-03-19T13:33:24+00:00

According to our research, accommodating late rent payments from tenants only reinforces negative behavior and leads to steady unwanted delinquency rates. Surprisingly, an automated filing process actually yields lower delinquency and eviction rates. So why, then, are so many property managers reluctant to file? Here are the top five reasons we see property managers hesitant [...]

Failure to File, Failure to Flourish: Five Reasons Property Managers Don’t Start the Eviction Process2018-03-19T13:33:24+00:00

The Surprising Secret to Lower Delinquencies

2018-03-19T13:25:01+00:00

Delinquent rent is a costly distraction for multifamily property managers. Legal expenses. Court fees. Reduced working capital. Unproductive staff time. Lost rent. And ultimately the unfortunate costs of turning over a unit through eviction. These costs are a painful reality of multifamily management, particularly in affordable housing, where delinquency rates commonly exceed 20%. No one [...]

The Surprising Secret to Lower Delinquencies2018-03-19T13:25:01+00:00