Category: Delinquency

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…

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…

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…

It’s time for the roundup of our favorite Property Management related blogs of last month.   This roundup features Property Management articles published on sites such as Rental Housing Journal and Forbes, and from writers, including Mildred Delgado, Ari Rastegar, and more.   1. 4 Difficult Hurdles in the Life of a Landlord (Rental Housing Journal) This article…

Our sales team gets asked a lot of questions about precisely what we do and what the benefits of our services are. To help you better understand what we offer, we’ve compiled a shortlist of the most commonly asked questions. CLICKNOTICES FAQ DO YOU OFFER SERVICES IN MY STATE?  ClickNotices grows every day, and we offer services in every…
One of the many services we offer our customers are digital notices. Digital notices are customized text messages and emails sent out to remind your residents of rent payments before the date has passed. These are meant to serve as a friendly reminder to pay rent prior to more formal and legal processes in the…
Background The Servicemembers Civil Relief Act (SCRA) provides a wide range of legal protections for military members that are not available to the general public. The SCRA covers all active members of the military service and starts on the date of entry into active duty and finishes within 30 to 90 days of discharge.  The SCRA…
In today’s fast moving world, the traditional method of collecting delinquent rent is not effective. The numerous demands placed on property managers do not allow for dedication of the time and effort required to effectively pursue delinquent rent. Often, the missed rent is overlooked in lieu of other priorities, and evictions are not pursued. Managing…