Landlord Waves Goodbye to Late and Missing Rent Payments
A client of ours in Laurel, Maryland found themselves with an extra property after getting married. Rather than selling the home, they opted to rent it out to tenants in order to enjoy the combination of appreciating property value and rental income.
However, collecting rent and organizing maintenance soon became time-consuming and stressful. Read about how McKenna & Vane managed to help this client regain their time and peace of mind.
Background
Our client enjoyed the benefits of owning an investment property, but they were having difficulties ensuring that tenants were paying their rent on time.
Ensuring that rent payments arrive on time requires experience. It comes down to drafting airtight leases that clearly outline the consequences of late or missing payments. It also takes effective communication and organization skills.
For many property owners, constantly reminding tenants when their rent payments are late or missing is an unappealing task. Sending out the necessary warnings can be stress-inducing. That's why working with an experienced team like McKenna & Vane can provide such relief.
Solution
The professional property management specialists at McKenna & Vane immediately got to work, taking steps towards ensuring late rent payments became a thing of the past for our client.
When necessary, we sent out warnings to tardy tenants, reminding them in polite yet firm language of the terms they had agreed to and the consequences of late rent.
As a full-service property management company, effective rent collection is just one step towards ensuring that every rental property we manage is fully optimized for success.
Client Testimonial
"McKenna & Vane has had a positive impact on my investment without a doubt. From day one the whole team has been very positive and treat me as if I'm their only client, and I know that's far from the truth.
When appliances break down or a problem arises at the property, I can always rest assured that the problem will be solved in a professional and timely fashion.
I have absolutely nothing negative to say about MVPM and the services that they provide."
Result
Now, our client's property is providing them with reliable rental income, without any of the stress associated with strained relationships with tenants.
When it comes to tenant turnaround and getting new tenants vetted, they are glad to know that some of the top local property management experts are on the job.
Plus we keep them updated on the status of their investment every step of the way. It's the best of both worlds.