What to do if your tenant starts falling behind in rent – Tip 3


Be objective

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 arrears.

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


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Jason Gwerder
Tuesday, 1 September 2020

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