All Forum Posts by: Elena Scott
Elena Scott has started 2 posts and replied 4 times.
Post: How do property managers collect last month’s rent?

- Posts 4
- Votes 4
Every time a tenant moves out, they don’t pay their last month’s rent. Sometimes they leave without paying the last two months of rent. Security deposit is not enough to cover the turnover and back rent. It seems nearly every tenant has done this, costing us thousands throughout the years. We’re considering hiring a property management company. We have about 30 units right now. What exactly do property managers do for this specific issue? Do they go after the tenant after they leave or take them to court, etc.? Are they successful at collecting back rent?
Great advice, I think we do need to give up some control, thank you!
Hi Kyle, I am also south of Pittsburgh in Hickory and would love to join this network. I will look into it. Thanks!!
My husband and I own 21 units and have been managing everything ourselves up until now. We would like to scale to 100+ (Using BRRR) but realize we need to build a team of people to help us, but don't know where to start with hiring and who to hire. My husband does about 80% of the renovation work himself because quality labor is incredibly expensive and hard to come by in our area. So hiring out for labor seems like a non-option right now. Rent collection, paperwork, and finances is my genius so it seems like that is also a non-option. So far we have an accountant who handles payroll and taxes and a part time handyman. Who was your most important hire in order to scale? Any input is most appreciated.