The park that I just took over has very poor collections, around half of the tenants have been allowed to accumulate delinquent balances, sometimes in the thousands of dollars. Most of the tenants have income from government programs, so I think they have the money, they are just choosing not to pay.
My initial plan was to begin eviction proceedings as quickly as possible on every tenant within the first month to show that we are serious and are not lax about rent collections like the previous owner. One thing I am worried about with this strategy though is that I will have convinced the tenants that I am serious too late for their own good, and I will end up purging a quarter of my tenants base that was capable of paying, but couldn’t scramble in time to get their payments together.
I’m considering distributing an outline of a more relaxed evictions schedule that will be enacted in January, and also an accelerated evictions schedule for February and beyond. This way we can show the tenants that we are serious, while still giving them time to correct their ways. Does anyone have thoughts or suggestions for retraining tenant to pay their rent?