Collecting rent
We expect and teach tenants in Great Falls Woods to remit rent on time. Nearly every tenant we've ever managed has taken advantage of the grace period at some point during their lease, but we are very persistent about explaining that rent is due on the first day of the month. After the first day of the month, the lease allows for a grace period because sometimes unexpected events can cause the best laid plans to go wrong. If the tenant pays during the grace period, there is no late fee charged to the renter.
If the renter pays late we collect a late fee to cover the additional costs this imposes on us. It's no more or less work to take one late rent check to the bank than to take a stack of timely checks to the bank.
Evictions
It is in the best interest of both the renter and owner to come to an agreement to avoid the cost, inconvenience, and time involved in the court process. An eviction can jeopardize a tenant’s ability to secure future housing and will impact their rental history and future rental references.
The best way to avoid an eviction process is to start with good tenant screening and background checks. There is a process that can take a number of weeks to evict a renter. All evictions require a court hearing and an order signed by a judge. Because this process is lengthy, Nesbitt Realty is very swift to act when a renter is even a day late.
Landlord Reference
a useful reference for property owners in Great Falls Woods
- Before you rent out your rental in Great Falls Woods
- Collections and evictions
- Communications with the tenant
- During the lease term
- End of lease term and what happens when a renter breaks the lease
- How does the rental investor get paid?
- How your rental manager handles the association and your community
- How your property management company handles utilities
- How Nesbitt finds renters
- Insurance matters for owners using our property management
- How Nesbitt Realty & Management manage keys
- Great Falls Woods landlord responsibilities
- Maintenance, repairs & inspections for your property in Great Falls Woods
- The move-in inspection
- Property management information form
- Selling a 1031 tax exchange & more
- Starting our management of your property
- When property owners don't yet know their new address
- Vetting tenants in Great Falls Woods