• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Facebook
  • Twitter
  • YouTube

Owner Login | Tenant Login | 323-255-9400 ext. 4 GET A QUOTE

Los Angeles Property Management Group offering residential, luxury, and commercial property management in the Los Angeles area

Los Angeles Property Management Group

Property management in Los Angeles & the Valley, done right.

  • Services
    • Residential Property Management
    • Luxury Property Management
    • Commercial Property Management
    • Get A Quote
    • Why Agents Trust Us
  • Why Choose LAPMG
    • Mission Statement
    • Recent Reviews
    • Awards and Recognition
    • Our Team
  • Articles
    • David Crown in Forbes
    • Case Studies
    • Industry Blog
  • Areas Served
    • Beverly Hills
    • Century City
    • Cypress Park
    • Eagle Rock
    • East Hollywood
    • Encino
    • Glendale
    • Highland Park
    • Hollywood
    • Lincoln Heights
    • Los Angeles
    • Los Feliz
    • And Many More
  • Careers
  • Contact
    • Contact Us
    • Portal Logins
    • Prospective Tenants
    • Our Team
    • Owner FAQs
    • Resident FAQs
    • Privacy Policy

Top Tips and Tricks to Collect Rent on Time

November 9, 2017 LAPMG

Collect Rent on Time

For most San Fernando Valley property managers, one of the most difficult parts of their job is how to collect rent on time. You need the rent to stay in business. Without rent, it will be difficult to make unexpected repairs and even pay your staff.

Most experienced San Fernando property managers have an established technique that enables them to collect rent on time. If you are yet to figure out how you can easily get your rents as at when due, you will find this article very useful. Note that as a property manager, no landlord will keep on using you if you cannot enforce rent.

If you are looking for top tips and tricks to collect rent on time, keep on reading:

Top 5 Tips and Tricks to Collect Rent on Time

  1. Choose the Right Tenant

The first step to collecting rent on time is ensuring you have a right tenant in the first place. You can only know right tenant when you have an efficient screening system. To ensure that your tenants are not defaulting on their rent, you need to ensure they have jobs, no criminal record, and no past record of not paying rent on time.

You can find this information by conducting a complete and exhaustive background check. Talk to the tenant’s previous landlords and ask for references. You need to ensure that you are getting a well-behaved tenant that understands his responsibilities as a tenant. Quality tenants may be hard to come, but when you have them, you will always get your rent on time.

  1. Make It Easy For Tenants to Pay

Today, most people are very busy with works, travels, and other parts of their lives. This means they may not have enough time to make your payment on time. If you want to constantly collect your rent on time, you need to have multiple payment options available to your clients.

Make it easy for your tenants to pay online and from any location. You can set up an automated option that allows you to automatically debit the tenant’s account whenever the rent is due. This type of arrangement ensures you always have your rent on time. You can even offer a discount for your tenants to make this type of arrangement with you.

  1. Improve Communication

With so many things to think about, it is not uncommon that your tenant can forget about his rent. Since rent is normally paid in bulk instead of bit and pieces, you need to send out reminders on time, at least 3 months before the rent is due. You can send out the first reminder 3 months before the due date, second reminder 2 months to due date and final reminder when it is a month to due date.

Sending constant but gentle reminder will help you ensure that the tenant does not forget about his rent and make arrangement on time to have your money ready. If a tenant is always late but pays at a later date, you can have a discussion with him. Having an open and honest dialogue with a tenant that doesn’t pay rent on time can help you improve the situation. The goal here is to establish a good relationship with your tenants and to encourage the behavior you want.

  1. Offer Incentives

A reward is often more effective than punishment. As a creative San Fernando Valley property manager, you can always get your tenants to pay their rent on time by offering an incentive to those who pay before the due date.

You can offer a discount for early or on-time payments. This helps you to collect your rent on time and avoid late payments. Moreover, offering incentives such as discounts is a great way to reward your best tenants and keep them loyal.

Conclusion

There is no doubt that it is a dream of every property manager to always collect rent on time. As a San Fernando Valley property manager, if you found yourself struggling to always get your rent on time, you can apply these tips and tricks suggested above.

 

Author

  • LAPMG

    View all posts

Filed Under: Commercial Properties, LA Property Management News, Latest News, Projects, Property Management Education, Property Management FAQ, Residential Properties Tagged With: Los Angeles property management company, Los Angeles Property Management Group, North Hollywood Property Management, San Fernando Valley property management

Primary Sidebar

    PROPERTY OWNERS: CONTACT US FOR A FAST FREE QUOTE

    (This space is not for tenant contact. Check out our listing page.)







    Loading...

    Footer

    Award-winning management means:

    Best property management in Los Angeles - Our Awards

    • Maximum profits.
    • Responsive service.
    • Vacancies filled quickly.
    • Accurate understandable monthly reports.

    Proud Members of:

    AAGLA AOACA AIR Commercial Real Estate Association Member BOMA 2024 Member of Forbes Real Estate Council Great place to work

    Contact Information

    
    

    YouTube LAPMG   Facebook LAPMG   Twitter LAPMG   Los Angeles Property Management Group on Google Maps

    Los Angeles Property Management Group
    10960 Ventura Boulevard Second Floor
    Studio City, CA, 91604
    Phone: 323-255-9400
    Contact Us

    Los Angeles Property Management Group is a licensed real estate broker, State of California, DRE License Number 01931033.

    Los Angeles Property Construction Inc. is a licensed contractor, State of California, Contractor State License Board Lic. # 1050649.

    Kyle Crown DRE License #0193638
    David Crown DRE License #01157354

    Areas We Serve: Santa MonicaGlendaleLos AngelesPasadenaCulver CityBeverly HillsBrentwoodBurbankInglewoodHollywoodSee All Areas
    © 2025 Los Angeles Property Management Group · Privacy Policy
    10960 Ventura Boulevard Second Floor, Studio City, CA 91604 · Phone: (323) 255-9400
    LAPMG is committed to ensuring digital accessibility for people with disabilities. We are continually improving the user experience for everyone and applying the relevant accessibility standards. If you have any issues, please contact dcrown@lapmg.com.