Streamlining Rent Collection: Ryan Barone’s Tips and Tricks
Article Key Points
- Ryan Barone, a real estate expert, believes efficient rent collection is paramount for a landlord’s financial stability.
- Digital technology could be an instrumental tool in rent collection. Waving hi to the 21st Century, landlords!
- He recommends decentralizing the process and using property management applications like RentRedi. They don’t sponsor him, don’t worry.
- Barone emphasizes proactive communication with tenants as a “ride-or-die” strategy. Turns out, talking things through works – who would’ve guessed?
- When the wallet is feeling lean, offering multiple payment options could be a major key alert to boost your rent collection. From apple pay to old-school checks, it’s all fair game.
- Lastly, he suggests laying a collection roadmap, creating a standard and sticking to it.
Hot Take on the Matter
This just in: collecting your hard-earned cash as a landlord doesn’t have to be as painful as pulling teeth. Our man Ryan Barone has broken down an expert level game plan to make rent collection as smooth as a margarita on a hot summer day.
Next-level property management applications are bringing landlords and tenants together in a harmonious ballet of rent reminders and frictionless transactions. In the mean time, technology is also eliminating the “oh, I must have lost the check in the mail” excuse. Uh-huh, sure Carl!
Packed with useful strategies, Barone’s guide has us all looking a little foolish for not thinking of this sooner. Talking to your tenants and setting clear expectations? Groundbreaking. Offering multiple payment options, from Apple Pay to a good old-fashioned check? Wow, flexibility – what a concept!
So throw off your cloak of frustration landlords, the future of stress-free rent collection is here. Upgrading your rent collection methods from the Flintstones era to the Jetsons century is just a click away. But please, hold tight to your manners- technology still doesn’t excuse rudeness. Good luck and happy landlording!
Conclusion
Whenever frustration is peaking and tenant-related headaches are high, remember: even if run smoothly, rent collection will never be as pleasant as sipping on a pinacolada by the beach. Still want to be a landlord? With these tips from Ryan Barone, at least it can be less of a bitter pill to swallow. Cheers to that! Stay strong, landlords. The struggle is real, but so are the solutions.
Original article: https://www.inman.com/2024/02/06/how-to-simplify-rent-collection-for-both-landlords-and-tenants/
