Playing a unique role, property managers maneuver between real estate professionals and tenants alike. In fact, property managers interact with such a wide array of people that is can be overwhelming for those in the beginning stages of their career in the wild world of property management. However, there are some tell-tale problems that only a property manager can relate to. Here are just some of the more common problems every property manager has experienced at least once in their careers.
The Non-Present Money
Oftentimes, property managers get the excuse that a tenant is unable to make rent for the month. However, that same tenant was just seen by the property manager in a fresh new pair of sneakers. While gifts are all well and good, having enough money to cover rent is a necessity for every single tenant. Nonetheless, property managers are always forced to hear the old “Christmas Excuse” every year.
An Amazing Transforming Applicant
Property managers have the hard task of finding quality tenants quickly in order to appease the property owners. Typically, property managers will conduct a tenant screening on every applicant to ensure that they are in fact getting a quality tenant. However, there are instances when a tenant screening comes back with extremely poor results. Unfortunately, the only thing left for a property manager to do once the tenant screening comes back less than stellar is to cut your losses and toss the guy to the curb. On the flip side, a tenant could end up becoming a monster even with a good tenant screening, in which case the same solution applies.
The “But I’m Only One Day Late” Excuse
Property managers are in charge of collecting rent as per the contract signed by the tenant. In fact, the contract agreement will set out the terms of the specific date that rent is to be due. When contracts are ambiguous or provide an extension for rent, it can become a habit for tenants to turn in their rent check later than you’d like. Therefore, the best solution is to have iron-clad language in the lease agreement specifying the exact date that rent is to be due.
Trust Clagett Enterprises For Your Real Estate Needs
If you are looking for the perfect realtor for your property or to assist during your purchase of any home, you can rely on Clagett Enterprises. Clagett Enterprises is a full-service real estate company with almost 30 years of experience in the Frederick and Western Maryland area. For assistance in selling your home and getting the best possible price, contact us online or give us a call at 301-665-6609. To meet our team and see some of our beautiful homes follow us on Facebook, Twitter, Pinterest, and Google+.