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Showing posts from July, 2020

Challenges of Managing Rental Properties

Visit Our Website Managing rental properties comes with several potential challenges. Majority of these challenges are as a result of tenant’s peculiarity while the other challenges result from inability of the management team to enforce the tenancy agreement. It is therefore imperative to ensure that the tenant understands these expectations detailed on the tenancy agreement and signs it from the get go. In many cases, tenants can behave as if they believe once they have paid the lease; they are under no obligation to obey the tenancy agreement. Below are list of some challenges landlords or managing companies have with tenants when managing rental properties . Ø   Rent payment: In some cases, tenants are reluctant to pay their rent on time despite receiving reminder notice(s) long before rent due date. Some issue checks that will bounce, while some will avoid payment by staying away from home during the day or refusing to answer the door when they know the management t...