Managing delinquency is critical to a multifamily community's ability to function. Let me let you in on a secret, there's no magic account with an infinite amount of cash stashed away to manage and maintain communities. Communities function on collecting rent, PERIOD. Rent payments cover salaries, utilities, vendors, repairs, and all other operating expenses. This is why effectively managing delinquency is critical to its success. Because of how ...
Ellen Calmas
This is great advise for when things go beyond a workout. In our business that focusses on rent from payroll, we believe in putting safeguards in place so that workouts aren't needed. By providing a proven rent budgeting system via payroll direct deposit, we help residents put aside a prorated portion of rent every payday so that their community can be paid in full and on time. It's a win-win all around without the need for chasing rent, late fees, of filings.
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