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Ultimate rent collection guide to rent arrears

Ultimate rent collection guide to rent arrears

This ultimate guide is separated into three major sections:

  1. How to prevent your tenant from falling behind in rent
  2. What to do if your tenant starts falling behind in rent
  3. How to evict your tenant for not paying rent

As a landlord a tenant falling behind in rent is your biggest threat.

Agents will make dealing with late rent payments sound really complicated because they want your business but it’s actually fairly simple.

You just need to follow the PROCESS!

Here’s the “secrete” process:

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New Tenant Checklist – 10 Steps to do Before your New Tenant Moves In

New Tenant Checklist - 10 Steps to do Before your New Tenant Moves In

We’ve taken this article and recorded an audio version with commentary. Click below to listen.

Way to go! You’ve placed your ad, held the inspections, received and screened the applications and finally chosen some great tenants. So what’s next? There are some important things to accomplish before you can hand over the keys. Setting the stage now, before your new tenants move into your property, is incredibly important to get right.

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How to Avoid Losing Good Tenants Due to a Rent Increase

How to Avoid Losing Good Tenants Due to a Rent Increase

Unfortunately some tenants believe that a rent increase is a kick in the guts after all the hard work they’ve done to keep the property in good condition and always paying the rent on time. But the honest truth is, it’s just apart of living. Everything goes up.

The trick is to provide them value and reason to keep living in your property. Let me show you how.

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When Should I do a Rent Increase?

When Should I do a Rent Increase?

If you ask your tenants when it would be a good time to increase the rent, they are likely to tell you there is not a good time. That is understandable. What would you tell the guy at the corner petrol station if he asked when would be a good time to raise the price of filling your tank?

There is no magic time of year to increase the rent that your tenants will be happy with. So you might ask “When should i do a rent increase?” No matter when you send the notice, there is always a possibility they could look at moving out. However the trick is minimise that possibility as much as you can, and I’ll tell you how..

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Beginner’s Guide to Renting Out Your Property

Beginner's Guide to Renting Out Your Property

My friend Kylie is a busy lady. Between a successful career and a growing family she barely has time for herself, let alone friends. So I was surprised and pleased the other day when she called to invite me for a coffee.

She and her husband Tom recently bought a second house as their first investment property. Now they are ready to see some return on their investment, so she came to me looking for some guidance for self managing their property.

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Calling All Property Owners… How to Get Your Tenants to Pay Rent ON TIME

Calling All Property Owners… How to Get Your Tenants to Pay Rent ON TIME

A common problem for property owners is getting their tenants to pay on time.  Although during the course of the tenancy your tenant may face unexpected financial difficulties that may cause them to fall behind on their rent, the following tips I have found are proven, effective methods to make it easier to get your tenants to pay on time.

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Beware of These 5 Mistakes DIY Property Owners Make

Beware of These 5 Mistakes DIY Property Owners Make

1.  Failing to Ask for a Bond

This is a security deposit held in case your tenant doesn’t meet their obligations under the lease agreement.

2.  Not Having a Lease Agreement

This is a legally enforceable contract that details the length of the lease, rent amount, and the condition the tenant should leave the property as stated in the condition report.Typically if you are managing a rental property on your own, you may only have the option of purchasing a generic lease agreement from your local news agency or online.  The problem with these generic forms is the lack of important information, like state and territory laws particular to your area. We have free state specific templates for you right here.

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6 Ways to Keep Good Tenants

6 Ways to Keep Good Tenants

It is every property owner’s wish to find and keep the best possible tenants for their property. Finding tenants is one thing, making them stay is another. Keeping your tenants for the long haul is just as challenging and important as finding them. Why? Well first of all it costs you about a thousand dollars or more every time your tenants move out because of the advertising costs of finding a new tenant and the loss of rent while the property is vacant. It also spares you the stress involved during vacancy and the tedious process of trying to find suitable tenants.

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5 Things Property Owners must do before Handing over the Keys

5 Things Property Owners must do before Handing over the Keys

As a property investor, it is vital that a number of tasks are completed before handing over the keys to your new tenants. By completing these tasks you are much more likely to have a smooth tenancy so It is important to set the scene from the beginning as to how the tenancy will unfold.

I have outlined the 5 most important things every property owner must do before handing over the keys to your tenants and having them move in.

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How To Set The Price For Your Rental Property

How To Set The Price For Your Rental Property

One of the most important aspects of renting out your property is determining the value of your property. When you’re trying to advertise your property to attract your most ideal tenants, setting the correct price for your property is paramount. Read More