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On September 1, 2020, the U.S. Center for Disease Control and Prevention (CDC) issued its order regarding the “Temporary Halt in Residential Evictions to Prevent the Further Spread of COVID-19″. The order went into effect on September 4, 2020 and prohibits residential landlords from evicting certain tenants through December 31, 2020.  Who Does the CDC Order Protect?  The…

What is Multifamily Delinquency Management?  Multifamily delinquency management is the process of managing late rent payments through actions such as sending out notices to residents, filing rent suits, and sometimes eviction.  The traditional approach multifamily property managers take for managing these important tasks can be inconsistent and inefficient. By not following a disciplined delinquency management process, property managers expose themselves to far greater risks such as increased expenses, creating blind spots, and negatively impacting the overall operation of the…

What is the CARES Act?  The Coronavirus Aid, Relief, and Economic Security Act (CARES Act) provides immediate eviction relief for certain residential tenants but does not address commercial tenants’ relief.  Section 4024 of the CARES Act establishes a temporary moratorium on the filing of residential evictions for tenants residing in certain properties that are part of government programs or financed…

The one common problem that plagues nearly every Property Manager is tenants missing rent payments. This problem has significantly increased over the course of the last few months.  As a Property Manager, little matters more than proper cash flow. Without it, you risk missing payments to vendors and/or producing a negative return on your investment. The process of pursuing late rent forces you to incur extra costs in both lost time and legal…

As COVID-19 continues to take its toll on our economy and our health, it also profoundly affects the livelihood of landlords across the country. With new efforts to maintain social distancing, trying to show your rental property to prospective new tenants might seem like a daunting and risky task. In a recent survey 40% of property managers identified showing units as one of the most challenging workflows to complete remotely. While today’s climate brings new challenges to the property…

The everyday activities of handling multi-family property management combine for one primary purpose: obtaining rent. Collecting rent can be challenging and frustrating for property managers at any time, but it is notably more challenging at this time, due to the recent increase in unemployment rates and uncertainty as to eviction moratorium policies.  When addressing these…

LaTonya is an Account Manager at ClickNotices. As an account manager, LaTonya deals with all facets of the company. Whether it is training a new client on how to utilize the platform, troubleshooting errors, tracking judgments, or checking in on her clients, you can be sure LaTonya is using her superior customer service, and problem-solving…

If you’re interested in joining the Property Management industry or have just joined the industry, knowing the various terms associated with it is extremely helpful. These terms apply to Property Management and rental situations. Read through this glossary to see if you are familiar with all these terms.  Accounts Receivable (AR): in the context of property management, these are the…