A landlord often has the unenviable task of having to collect money that is owed to him; money that, for some reason or other, just doesn’t seem to be coming in.
This is an extremely frustrating task for you, not to mention stressful. And since you deal with people everyday, you don’t want to take a hard-line approach and offend hassle-free tenants who pay their rent on time.
Also, you might not want to come down hard on a tenant who has missed a payment for the first time for a genuine reason.
After all, managing your tenants well is almost the same as managing your properties well. The key to rooting out the troublesome cases is to have a detailed payment history and track record easily available. Otherwise, perception can play a big role, and you might end up missing important clues.
Wouldn’t it be great to have this information always at hand? You don’t want to be trying to track past data every time you want to check out the payment characteristics of a tenant, but then neither do you have the time to analyze this data everyday.
Property management software lets you have exactly that. With a single click, you can get the entire payment history of the tenant you choose, allowing you to view details like the total amount due, amount received, number of late payments made – details that can help you take corrective and not just reactive action.
