As the property owner, you just want to run your business as smoothly as possible. Experiencing a tenant that isn’t paying on time is a frustrating but common issue in managing a rental property.
Initially, you might think that it is solely the tenant who is at fault because you would not be having rent payment issues if your tenant dutifully paid his rent on time. However, what if the tenant has been having problems paying since day one. Now you are stuck with this problem tenant because you ignored the bad records from his previous landlords. You knew his history, and yet you allowed that type of tenant into your business.
Be firm and follow your lease agreement
Do not despair. As an owner you have the right to exercise what is written in your lease agreement, but you must be firm and not let emotional reactions get the best of you. If the tenant does not pay, it is your responsibility as the owner to enforce the lease agreement, collect rent, and evict the tenant if necessary.
Here at Empire Industries, we have a 1% eviction rate thanks to our 20-point tenant screening process. If you need help or would like talk to us, give us a call anytime! Learn more about our Austin property management services.