Rental arrears. Not good for your bottom line figures. Not good for landlord relationships. Especially not good for your time management.
'Rent arrears are not a problem for us', we hear you cry. According to some sources, arrears are at their lowest level since 2008 but have you given any thought as to how these figures have been achieved It's not all down to prompt or flush tenants.
Keeping on top of rental payments is like treading water. It takes a lot of effort but you're not actually going anywhere. Your blemish-free rental arrears record will take many man hours to preserve but it could actually be hampering your business growth. How You're probably spending hours making sure payments are made on time; you're likely to be investing money in accountancy or specialist lettings software to keep track of finances and maybe you're even paying a dedicated rent collection team member. While you're maintaining your cash flow you might actually be leaking money on staffing and technology you don't need, as well as being trapped time-wise in the rent collection cycle.
Let's put it simply. A typical morning might see you spending three hours ensuring your rental payments are on time and logged accurately. You might have balanced the books but you haven't won any new business. That's where outsourcing comes in.
At ARPM Outsourced Lettings Support we take on your rent collection duties, maintaining your excellent record and, in many cases, actually improve your level of arrears, should you have any. Let us chase the rent, manage the money with our software and report back accurately to you. You can use the time we have freed to canvass for new landlords, arrange an afternoon's viewings or plan you next marketing campaign.
Find out more on ARPM Outsourced Lettings Support's rent collection service by contacting us today for a no-obligation consultation.
Tel: 01923 775 705 Email: tellmemore@arpm.co.uk www.arpm.co.uk
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