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Tenants not paying rent over Christmas?

November 27th, 2013.

Topics: Landlord Advice
Can you believe that we are now only 4 weeks away from Christmas! While most of us look forward to the festivities and a bit of a break, unfortunately when posed with the question “Should I buy presents or should I pay rent?” some Tenants choose the former and as such Christmas can be a notorious time for tenants to get behind in their rent.
 
It is imperative over the coming weeks to ensure that your tenants are fully up to date with their rent, now is the time to be on their case about getting any overdue amounts cleared up so that every tenant is going into the Christmas period clean.
 
It is also very important to ensure all of your water billing is promptly sent out over the next few weeks and to try and get payment in before Christmas so that they don’t end up in January with two months owing.
 
As much as we all need a break it is critical that rents are checked every day over the holiday period and that any rent arrears are promptly chased with phone calls, texts and letters. Make sure you send out a 14 Day Notice immediately, as with all the public holidays over this time 14 Days can amount to in excess of 20 days and you’ll find the queue at Tribunal is lengthy due to many other Landlords being in a similar position over this time.
 
Having on board a good Property Manager can take this stress away from you; it will make sure that you get a decent holiday while being able to trust that your property and rent is being fully looked after.
 
 

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