When you’re speaking with your
tenant you need to leave your personal feelings out of it.
Expect all kinds of excuses, but
they all boil down to one thing – they don’t have the money or they’re spending
it on something else.
It’s hard not to feel for them
but the truth is, it’s either you or them. Without the rent coming in you’ll be
the one in a bad financial situation – not the other way around.
Respect their situation but don’t
get sucked into their world. Stick to your agenda – When is the rent being
paid? How much?
You need a zero-tolerance to rent
Always try to get the full rent
payment. If you absolutely can’t get the full amount small payments are ok.
You can see now why you don’t
rent to friends or family – You can’t be objective and you’ll never get the
rent paid if things get sticky.
Renting properties is a business
and needs to be treated that way
Check out the
next blogs on What to do if your tenant starts falling behind in rent
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Tuesday, 1 September 2020