A Landlord’s Guide to 100% Rent Collection

Every landlord’s dream is to acquire a good tenant and enjoy a return on their investment through rental income.

Property investment is conventionally packaged as one of the asset classes that generate passive income. The reality, however, is further from the truth. Landlords have had varying experiences with tenants, some of which could make for an award-winning Netflix documentary.

Thankfully, property managers have been the saving grace for landlords who can’t stomach the skilful tact employed by “innovative” tenants, in exchange for a management fee. Nonetheless, achieving 100% rent collection remains a challenge to date.

I have practised property management for ten years and I can undoubtedly say it is one of those professions that will turn you into a low key unwarranted psychologist. The question, therefore, is, ‘Is it possible to achieve 100% rent collection?’ Our response is, YES!

Let’s begin by demystifying the top three qualities of a good tenant:

1. One who pays rent on time
2. One who maintains good neighbourliness
3. One who maintains the property in a fair state of wear and tear

The solution lies in an objective process of screening your tenants through available tools like RentScore to assess the risk profile and eligibility of the tenant by answering key questions. A report is generated and shared with the landlord or property manager for informed decision making. Here are the benefits:

1. Surety on 100% rent collection through onboarding quality tenants and mitigating the risk of rent default
2. Maintain high occupancy by mitigating the risk of onboarding notorious tenants with tendencies of noise disturbance and other nuisances
3. Get a comprehensive KYC of your tenants
4. Increase your clients’ leverage with financial institutions as a result of consistent cashflow
5. Increase your portfolio and consequently income through referrals from satisfied landlords
6. Save time when engaging a prospective tenant through objective decision making based on the report
7. Increase your revenue through the generation of higher management fees as a result of 100% rent collection and optimal occupancy

Simply get started here and begin your journey of hustle-free property management. Not convinced yet, book a one on one consultation with us via +254743466209 and we’ll be happy to answer your burning questions.

See you on the other side of happy landlords and property managers.