Blog

Rent arrears management is crucial in helping owners avoid the income risk of the eviction of tenants struggling to pay rent in today's uncertain economy.

PayProp wants to keep our clients as safe and protected in real life as they are on our platform. We’ve compiled several ways property managers can be proactive this hurricane season and help the rental properties under their management stay safe and dry.

No business owner likes to think about falling victim to internal fraud, but it’s a very real threat for any business – and even more so for rental agencies that handle frequent client fund inflows and outflows.

For many landlords, the idea of managing their own rental property or portfolio of properties seems relatively straight-forward. In many cases, particularly with single properties, an owner might manage just fine, provided the tenant pays on time and looks after the property.

In uncertain economic times, dealing with arrears and bad debt becomes more pressing for rental agents.

No residential rental agent needs to be reminded of the unbreakable golden rule – trust funds must be kept separate from business funds, to ensure landlord and tenant funds are only ever used for the purpose they were meant for.

Owning residential property for the purpose of letting is a popular addition to investment portfolios in South Africa since property almost always increases in value over time.

The rental industry has faced many challenges over the past 18 months – not least the job losses and financial pressure making it harder for tenants to pay their rent in full.