According to the National Association of Home Builders, 943,000 units of multifamily housing will be under construction in 2023 – an almost 50-year record high. Rent rates are also expected to decline by 4.3% in 2023. 1 Don’t you wish you could increase rent to boost your revenue and cover your operating costs? But with rent […]
GNO Property Management is a property management company based in Louisiana, USA. To collect late and delinquent accounts, GNO used to do a more traditional approach that includes sending demand letters, following-up with a lien, and getting a judgement in court to collect delinquent payments from clients. They also tried offering discounts to those who
As a landlord or property manager, tenant retention is critical to the success of your business. When a tenant decides not to renew their lease, it can lead to costly turnover expenses and a loss of steady rental income. Therefore, it’s important to pay attention to any signs that your tenants may not be planning
HOA accounts are reported as Open, Secured monthly obligations, which accurately describe the financial relationship between the homeowner and their HOA. As long as they own a home in the HOA, they have a regular, open account with financial obligation. Sperlonga reports many data points related to each account, in addition to the account and
Working with a credit reporting service provider allows you to report your homeowners’ or tenants’ rent or assessment payments to the credit bureaus. This has given communities, landlords, and property or community association managers the leverage to ensure tenants and homeowners honor their rent or assessment obligations. There are several credit reporting service providers. You
How to choose the best rent or assessment credit reporting solution provider? Read More »
