Rent Collection: Preventing Eviction in San Diego
Collecting rent seems simple enough; your tenant pays it, and you deposit it.
It’s not always that easy. Tenants can forget, pay late, and sometimes struggle to communicate that they need some extra time or a little help. This is a sensitive subject for San Diego rental property owners. Evicting is always an option, but that will take time and money and leave you with a vacancy.
We’ve found that two things are especially important when it comes to collecting rent on time. That’s a consistent rent collection policy and online payment options. Our positive tenant relationships also help – we’re easy to talk to and work with.
Collecting rent on time is one of our most important jobs.
Because we screen thoroughly and consistently enforce the lease, evictions are unlikely at Walters Home Management.
Rent Collection Policies Improve On-Time Payments
Positive tenant relationships are good for your investment property – we’ve said it before.
This is especially apparent when it comes to collecting rent. We work closely with tenants to ensure they meet their obligations and communicate openly when something goes wrong.
Our rent collection policies are transparent and enforced. They can be found in the lease agreement. Tenants know exactly how much rent is due, when it’s due, and how it should be paid. There is no room for confusion or uncertainty.
Tenants also understand the consequences of rent being paid late. They know there is a late fee and they know that if they don’t work with us, we will take steps towards eviction.
San Diego neighborhoods we serve include Carmel Mountain Ranch, Rancho Bernardo, 4S Ranch, and Carmel Valley.
Technology Assists in Rent Collection
By allowing for online rent payments, we’ve found that it’s easier for residents to pay their rent on time every month. Gone are the days of writing out a rent check, sticking it in an envelope, and hunting down a stamp.
Our investment in innovative property management software allows us to make rent collection easy, accountable, and well-documented. It provides a better service for our owners and our tenants because:
- Rent payments are fast and automated
- Tenants can schedule payments in advance
- Owners get paid faster
- All processed payments show up on your income statement
- Payments are secure and convenient for all parties
Tenants prefer paying online, but for those who would rather pay in person or with a check, we make accommodations. This contributes to lower instances of late rent payments.
Avoiding but Preparing for Eviction in San Diego
Our tenants know that rent is due on the first of each month. After the third of the month, rent is considered late. This is clearly stated in our lease agreement.
We are willing to work with tenants who need extra time or are struggling financially. We have open lines of communication always, and we’re willing to set up payment arrangements and agreements.
If rent still isn’t received on the fifth of the month and our tenants refuse to talk to us, additional action must be taken. We’ll serve a late notice and begin eviction proceedings if a payment arrangement isn’t made immediately.
This is rare. Our tenants can be counted on to pay on time, and we work together to ensure the expense of eviction is avoided.
What People Are Saying About Us
Want to Learn More?
If you’d like to learn more about our properties and what it’s like to work with Walters Home Management, get in touch. We’d be happy to talk more about our rental properties, our application requirements, and our leasing process.
Walters Home Management specializes in the leasing and management of individually owned single family homes and condominiums in the greater San Diego area. Our current portfolio represents hundreds of satisfied clients. We're ready and willing to put our experience and energy to work for you.