How to collect unpaid rent is part of the process for Property Management in Miami. The right idea is to not let the situation get distressing. The initial month a Miami tenant gets behind in the rent, you have to take action. While it's important to respond quickly, Property Management Miami schooling says you want to avoid face-to-face contact because it could lead to a negative encounter. The better alternative is to send a letter to the tenant, and because it's not one of the legal forms in your library, it doesn't have to be sent certified mail. Any letter that has the correct address and postage can be considered received once it is mailed. The content of the letter should tell the renter to call you so that the issue can be fixed. If the tenant offers you a fragmented remittance, Property Management Miami training indicates that you accept it. However, it is important that you give the tenant a receipt that clearly shows that what you received is only a partial payment, and that you still have the legal right to collect the rest of the unpaid rent. You may also feel that effective Property Management Miami techniques require you to investigate how serious your tenant's financial crisis is. That means checking to see if they're still employed, and how much other debt they're carrying. Property Management Miami training says that if your original rental agreement doesn't prevent you from calling the employer listed, you can do so to see your tenant is still working for the company. Also, as long as you maintain a debtor-creditor connection with your tenant, the Fair Credit Reporting Act allows you can to get a copy of the tenant's credit report. Legal forms like your rental application in many cases have a release allowing this. Although you can get this information, Property Management Miami training says it really won't do you much good. Even if the tenant doesn't have a job and is carrying a huge debt, if they dish out the rent they can't be evicted. The only value that information may have in terms of Property Management Miami is if you use it to decide how much leeway you are prepared to give them. The real problems start when you've put off collecting back rent and the tenant is still in the apartment. Your only option is to get underway an eviction. You begin by conveying your tenant a Notice To Quit, which IS one of the legal forms in your library you have to use specifically. The letter tells your tenant how much time they have to pay the back rent, commonly 3 to 14 days according to state law. If the tenant pays, they can stay, but if they don't, they must move out. Employees of Property Management Miami firms aren't considered debt collectors under the FDCPA either because the rental payments aren't owed to another individual or entity. But if at any time during the collection process the Property Management Miami/property manager mentions any name other than their own, that means that a third person is collecting the debt, and the Property Management Miami/property manager becomes a debt collector subject to the FDCPA.

D.R.E.A.M specializes in full-service residential property management covering Broward

and Miami-Dade Counties.

We assist many owners including first-time investors, busy professionals, retirees and trustees of estates. We manage a myriad of property types, including single-family homes, condos, and multi-unit apartment buildings.

Managing a property can be very stressful, particularly one that is located out of town.

By providing a superior service and a guaranteed commitment to your satisfaction, we are dedicated to answer your needs.