Should your tenant become delinquent on rent, RentCaddy is here to mitigate losses so that you can go back to having paying, problem-free tenants in the unit. We’ll handle recovering the rent you’re owed or regaining possession of your property– it’s your call!
As a landlord it is your right to evict a tenant for non-payment of rent, but is it in your best interest? While in some cases an eviction may not be avoided, there are many instances that choosing an interest-based resolution can provide you with clear economic benefits.
RentCaddy is the only rent delinquency solution that seeks alternative resolutions to eviction in an automated manner, free of human emotion and preconceptions.
RentCaddy offers a customizable platform that allows you to choose the way you prefer to handle late paying tenants, and we'll execute it for you!
We offer multiple, completely customizable solutions that will be tailored to create your Late Rent Tolerance Profile. You’ll choose the methods that are acceptable to you, and what stage they are executed. Below are some of the most popular methods:
Why hasn’t the tenant paid? Gauging a tenants ability and willingness to pay is critical in deciding how to proceed. We’ll do that for you so you don’t have to guess or assume the worst of your tenants and avoid as little confrontation as possible.
First and foremost, your goal is to collect what’s owed to you and we’ll work tirelessly to help you achieve it. We offer your tenants the most amount of ways to pay their rent while effectively tracking when and how much they paid.
If rent is not collected on time, we’ll help determine the best course of action to avoid consuming your time or increasing your losses. Depending on your Late Rent Tolerance Profile and your tenants’ ability and willingness to cooperate, that could mean a payment plan or some other form of resolution.
If you have a tenant that has genuinely encountered financial hardship outside of their control, a resolution based on their quick departure could be cost beneficial to you.
In extreme circumstances, offerings tenants some funds to move out as quickly as possible may save you thousands of dollars in lost rent and eviction fees while potentially protecting the integrity of your property.
While it’s in everyone’s best interest to reach a resolution, sometimes you’re left with no other choice but to evict the tenant. RentCaddy is here to help your through each step of the process with the ability to track the progress in real-time on our dashboard.
"Before RentCaddy, I had no idea how much money I was really losing with evictions. I honestly thought mediation was a lost cause that wouldn’t help me recuperate money from tenants. Not only did RentCaddy get me my money by contacting the tenant on my behalf, but they also took the time to help me understand why evictions should be the last resort. Now I’m not ridden with anxiety whenever a tenant doesn’t pay. I know RentCaddy has my back.”
- Peter Stein, Landlord of 30+ investment properties
“The beginning of the month is always hectic between getting payments in, trying to figure out who has or hasn't paid rent, and then dealing with the non-paying renters. Chasing after the non-payers gets tedious, and frankly (after about the 10th one) I'm in no mood to deal with anyone else. RentCaddy has taken away the grunt work and allowed me to focus on growing my portfolio of clients and units. Couldn't recommend them enough.”
- Anthony Porter, Property Manager for 280-unit investment portfolio
“Our process of dealing with late paying tenants was simple. If on the 3rd day the tenant didn't pay, we generated a demand letter. If we still didn’t receive payment we would start eviction proceedings. It just wasn't possible to review each individual tenant so it made sense to approach it systematically. With RentCaddy, we have increased the chances of getting paid.”
- Michelle Deering, Property Manager for 570-unit building
Passive income they said, right? Well, a rental property can be just that. Let RentCaddy protect your cash flow while you do more of the things you love.
Focus on growing your business and other more important tasks rather than chasing non-paying tenants.
