Property management software is a fantastic way to increase revenue, not only by automatically instating late fees and allowing tenants to pay the way they choose but also by providing a method of preventing certain types of nightmare tenants.
Some of the most common landlord nightmares are those that involve some kind of bad tenant who is eating into your potential profits. We aren't talking about an upstairs neighbor who tap dances or someone who is constantly doing construction next door - real nightmare tenants are those who cut into your bottom line.
The first and most dangerous of the nightmare tenant types is the tenant who does not pay their rent. This tenant directly impacts your ability to collect rental income and makes meeting your monetary goals much more difficult.
The best course of action (besides prevention) is to contact a trusted attorney and follow their advice carefully.
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