Collection Management is an essential part of Property Management.
Excel Property Management's general rule is that delinquency should never exceed 5% in all properties.
As mentioned in a previous chapter, the Department of Collections creates a monthly collection calendar with a list of responsibilities for every manager.
Throughout this chapter, we will discuss all of the tools at the office's disposal to reach this goal at every property.
- Monthly Collections Calendar tasks, and where to find it.
- What text notifications are, and how to send them.
- What are Paper notifications and how to use them?
- What are Payment Plans are?
- What reports are useful for collections.
- What are evictions?