When faced with delinquent renters, owner/operators and onsite teams can face up to four stages of revenue recovery. The quicker each stage is addressed, the quicker it may be resolved. Early and automated communication with the resident is key to achieving success, and recovering lost revenue.
Operators are taking unprecedented steps to combat the hiring and employee-retention challenges currently facing the industry. They need to not only take a closer look at overall associate satisfaction, but also work to identify and eliminate specific employee pain points.
When it comes to evictions, time is of the essence. Extensions, delays and restarts during the eviction process means lost revenue. To expedite evictions, avoid hiccups and keep delinquency time as low as possible, it’s crucial to know what is causing the delays.