ClickNotices Insights

Occupancy vs Delinquency – Management Seesaw

2018-06-07T09:32:57+00:00

Property managers handle late rent payments and evictions on a regular basis. With an estimated 20 million people facing monthly rent payments exceeding 30 percent of gross income, a small change in a tenant's finances can lead to overdue payments or non-payment of rent. It can be difficult to decide whether it's worth waiting, or [...]

Occupancy vs Delinquency – Management Seesaw 2018-06-07T09:32:57+00:00

Helping Small Landlords Manage Rental Licensing Law Changes

2018-04-24T09:28:52+00:00

Becoming a landlord can be a great investment. Various tax breaks and receiving extra income every month are just some of the great benefits of being a landlord. There are, however, a number of federal, state and local rental licensing laws landlords must adhere to or risk paying fines or having a lawsuit filed against [...]

Helping Small Landlords Manage Rental Licensing Law Changes 2018-04-24T09:28:52+00:00

Evolving Landlord-Tenant Law

2018-03-19T14:50:46+00:00

Landlord - Tenant law is always changing and evolving. As a property manager or owner, it is important to make sure you know what changes affect you and ensure that you continue operating in compliance with these laws. Effective December 30th 2016, important changes were made to the way landlords can assess and collect late [...]

Evolving Landlord-Tenant Law 2018-03-19T14:50:46+00:00

Property Managers Benefit from the Latest Advancements in Managing Delinquent Rent

2018-04-04T10:40:10+00:00

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 [...]

Property Managers Benefit from the Latest Advancements in Managing Delinquent Rent 2018-04-04T10:40:10+00:00

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 Problem 2018-04-04T11:13:21+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 Rent 2018-03-19T14:26:52+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 Offense 2018-03-19T13:48:09+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 Again 2018-03-19T13:35:48+00:00