Lower Income Rent Collection

[Christopher Schmidt]

This goes out to the property managers out there. Most property managers I've dealt with have as part of the rent agreement included a mailing address for rent collection. My current PM (in Rochester) though actually goes out and collects the rent (he doesn't charge) because he believes they won't typically pay otherwise. I'm curious, for those who have tenants in Section 8 or State Aid Programs, do you find it similar experiences. My previous leases, with other PMs always included mailing addresses for rent collection. I can't say I'm upset he's willing to put forth the extra effort =) but I'm always curious how he'll ever expand (should he choose to).

Just curious...

Chris

[Mark Updegraff]

if tenants can't mail payment or bring it to a commercial location during business hours they are no longer my tenants. I only look for people who don't want me banging on their door for money. In some circumstances I'll let them deposit into a deposit only account at a local bank. If they can't handle payment they can handle my property.