Hello everyone, I own a park in New England with 20 pads at 100% occupancy. I live 5 hours away from the property so my manager handles the rent collections which is an ongoing headache for him and myself. Besides the obvious constant chase and knocking on doors all the time, about half of my tenants are consistently late (they pay the late fee and rent eventually but are still late) while others pay partial payments for rent and utilities until paid in full. Although I’m not losing money, it has created a situation where the internal bookkeeping is a constant headache. Very difficult to keep track of everything even having very practical spreadsheets to keep up on everyone’s accounts.
My question is this…in order to get everyone on the same page and paying on time, should I switch things up and make it mandatory that they pay via mail and on time (using the postmark for the date paid) in order to avoid getting a 7 day eviction notice?
I think this way would give me more control by taking out the middle man and make my bookkeeping much simpler as well as force everyone to pay on time or move out.
Any thoughts or other ideas???