It’s time to move over Millennials, Generation Z are the new renters in town. While the rental industry has been focusing on how to attract and retain millennial residents, the next generation is quickly coming to rental age. The big question is, ‘how can you prepare for this upcoming generation?’
Original post on Payrent.com
Although PayPal, Venmo and direct deposits are fantastic features, there are negative consequences with collecting rental income through these applications. I hope you never experience these problems, but I want to educate you on worst case scenarios. Approximately 2.7 million families face eviction each year, and collecting rent improperly can adversely affect your business.
CICTotal Manager™ users can now take advantage of our brand new mobile app! Available on both Android and IOS, our new property management app empowers rental companies like yours with the ability to access property information on the go.
From California to Indiana, new employment legislation has passed and is pending. Within the past few months San Francisco has enacted a ban on asking a job applicant what their salary history is, while it is likely that the state of Oregon will soon be reducing the penalties for the possession of drugs like heroin, cocaine and meth. Ultimately, you’re going to want to keep your eyes peeled on these new employment laws.
On September 15th, 2017, the second phase of the National Consumer Assistance Plan (NCAP) will go into effect, and while you might be reeling from the first phase, it’s important to know what credit changes are on the horizon. This next big push will affect medical debt collection accounts.
You know firsthand that first impressions are important when a resident begins their relationship with their rental community. Move-in is already stressful, sweaty, and hectic, and one small thing off with the rental unit within the first week can create a lasting bad impression of the management company and staff. While you can certainly ‘kill them with kindness’, adding a resident gift as well ensures that you have happy residents (every time) and maintains your community’s good reputation.
Tomorrow, on July 27th, several tenants’ rights groups within California will be staging a statewide renters’ protest. According to the organization, Tenant’s Together, hundreds of protesters in several cities will be storming multiple property management offices, owner’s offices, and possibly associations to demand a rent freeze and urge the repeal of the Costa Hawkins act.