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Property Management Company in Charleston | How to Make Sure Tenants Pay Rent on Time

Property Management Company in Charleston

Even the best property management company in Charleston can struggle to make sure tenants pay their rent on time each month. Getting rent payments on time is one of the most important tasks a property manager must perform for owners. When a property manager is consistently depositing rents late, the owner can have a large financial burden and the property manager may end up losing their job as a result.

There are a few ways that every property management company in Charleston can help to ensure rent is paid on time each month.

  1. Rent Is Clear- Your lease needs to clearly say the rental amount and when it is due, as well as any grace periods offered.
  2. Screen Tenants- Your tenants should have an income of three times the rent amount to be able to afford living there. When you are screening tenants request at least three back paystubs and make sure to verify by calling the employer. You should also consider the amount of time they have been employed by their current job.
  3. Online Rent Portal- When a property management company in Charleston can offer tenants online rent payments, they are more likely to be paid on time because of the ease and convenience. Online tenant portals can also be set up to deliver maintenance requests, communicate with the property manager, and receive notifications about events, neighborhood alerts and more.
  4. Reminders- When a tenant is a day late, make sure to send them a friendly reminder. If the office is going to be closed the day rent is due, or for a long holiday weekend, make sure a drop box is available for rent payments. Reminders can be sent via text, email, or through the online rent portal. However, a paper copy that is signed and dated by the property management company in Charleston also needs to be delivered.

If you are tired of dealing with late rent and tenants that do not pay consistently, call Scott Properties in Charleston and see how we can help manage your rental properties at 843-790-4929.

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Rental Property Management in Charleston | How to Market to Generation Z Renters (Scott Properties)

Rental Property Management in Charleston | How to Market to Generation Z Renters

Rental Property Management in Charleston | Millennials are transitioning into home ownership and investing in their portfolios of the property while Generation Z is going to or graduating from college and looking for homes to rent. Generation Z isn’t like previous generations though, and marketing to these tech-savvy, frugal, and conscientious renters requires a different approach than you may be accustomed to. Rental property management in Charleston, where dozens of young people are moving daily, need to ensure they follow these strategies to connecting with the next generation of renters. 

  1. Social Media Marketing- Getting a Facebook, Twitter, Instagram, Snapchat, YouTube, and Pinterest account for your rental property management in Charleston is vital to reaching Generation Z. Many people in this generation use apps like Facebook Messenger to communicate rather than use their texting or calling on cell phones. 
  2. Video Content- Generation Z is all about the video content and would much rather watch a virtual tour than read through a list of amenities. Providing video content for social media also means that tenants and prospects can share your content with their friends and family, which is free advertising for your rental property management in Charleston. 
  3. Don’t Inflate Prices- Generation Z watched their parents and aunts and uncles struggle through the Great Recession and, while they are more entrepreneurial than other generations, they are also much more frugal. Generation Z wants value in what they pay for, and if they don’t see the value, they won’t even consider your home for rent. 
  4. Go Digital- Generation Z doesn’t want to come into the office to pay rent every month. They don’t even own a checkbook. This generation of renters wants to pay rent online, and while you’re setting up an online portal for rent, you should also allow online maintenance requests. Generation Z also prefers to communicate digitally and will be more likely to ask you to text than call, so ensure that your rental property management in Charleston understands and is comfortable with this. 

Do you need help with your marketing techniques targeting generation Z? Give Scott Properties a call at 843-352-8341.