Outrageous Excuses for Late Rent Payments and How a Residential Property Management Company Can Help

Outrageous Excuses for Late Rent Payments and How a Residential Property Management Company Can Help

Collecting rent each month is at the top of the list for a landlord’s most despised task. For many tenants, it’s not an issue, but then there are others that always seem to be surprised when the 1st of the month rolls around again. Sometimes you just have to laugh at the excuses they come up with, so enjoy some of the most outrageous ones we found, and then read on to find out how a residential property management in Denver or Aurora can make your days of collecting rent numbered.

  1. “My dog and bird died the same week and I’m crushed.
  2. “I was on vacation for two weeks and I had to pay for everything!”
  3. “I was going to pay on the 1st, but you sent me a reminder and it upset me.”
  4. “I have to make payments on my BMW and iPhone.”
  5. (shows up at door without clothing) “Oh dear, let me put something on and look for the money”
  6. “You are too wrapped up in the whole concept of ‘money.'”
  7. “So you’re only talking to me because the rent’s not paid? Is that all I am to you … a tenant?”
  8. “I don’t feel inclined to pay the rent this month. The apartment is neat so you can use the security as the rent.”
  9. “It is illegal to ask me for the rent. You have to send me a letter ASKING POLITELY for the rent. Then I can decide if I want to pay the rent.”
  10. “I did not pay the rent because that is the only day I can sleep late.”

If you currently own investment property, some of these might sound a little familiar to you. If you’re thinking of getting into real estate, then don’t let them scare you. As a property management company, part of our service includes collecting rent so you’ll never have to hear these excuses.

We offer many convenient ways to pay, including an online credit card payment option which helps avoid some of the late payments. In addition, we offer thorough tenant screening services to give you the best chance of finding responsible renters who won’t give you these excuses in the first place.

To find out more about property management services with Legacy properties-PM in and near Denver or Aurora, call 720.989.1996 or contact us.

A Good Time to Buy Rentals in Denver with Residential Property Management

A Good Time to Buy Rentals in Denver with Residential Property Management

People who buy rental properties in Denver create passive wealth.

According to a recent article by Main Street, owning rentals is easy, but being a landlord isn’t simple. Having a residential property management company find you reliable tenants can help because your property manager is the “tough guy.” Data from Real Property Management in Salt Lake City shows the rental market has grown by 31 percent in the U.S. since 2006. Meanwhile, investors can still take advantage of low-interest rates unless they decide to make an all cash purchase. If your goal is wealth creation, keep several factors in mind when hunting for investment properties and residential property management companies in Denver. It’s possible to find all kinds of architectural styles and types of homes in the Denver area. A good residential property management company will handle your concerns whether you buy a townhouse, condo or single family home in the city or the suburbs.

  • Choosing newer construction

One of the advantages of buying a new construction home or home that is less than 5 years old is the fact that the home will require very little renovation work or updates. In the Denver areas, some of the newest developments that are in high demand include the Stapleton neighborhood. Keep in mind, a master-planned community such as Stapleton, comes with added fees and maintenance costs. If you want to buy a new construction home to rent out, other new developments slated for the area include Sterling Ranch and Littleton Village.

  • Opting for hip, urban neighborhoods

Some of the most popular Denver neighborhoods with high rental market demand include Washington Park, Uptown, Lower Downtown, City Park and Lower Highlands. Investors can find a steady supply of well-paid tenants who want to live in modern lofts and condos in LoHi, the eastern section of Highland. Meanwhile, RiNo or the River North Art District is also a good place for investors.

If you are contemplating selling your high-rise condo, loft or single family home in the Denver area, consider renting it out for a profit. Legacy Properties can provide you with an estimate of the market rent your could receive whether you own a place in Ajax Lofts, Barclay Towers, The Beauvallon, Streetcar Stables, One Riverfront or other location.

At Legacy Properties-PM, we are proud members of NARPM, the National Association of Residential Property Managers. For more details on residential property management services in Denver, please call 720 989 1996 or contact us.