Starting out in real estate is never easy. Gaur City 6th Avenue 2/3/4 BHK Apartments Greater Noida West, I have herd stories about people who were running their business out of a pickup truck. They did call their tenants and ask for the rent. The tenant would say they had the rent. Lo and behold, the tenant did not have the rent. So the guy would call the tenant and say the rent is late on such and such date. The tenant would say they have the rent. They did ask to meet at Burger King and the tenant would drop off a partial payment. This means the landlord is hurting. He can not pay his bills when the tenant is not paying. Now all of us want to be kind. But you have to stick up for yourself or you will go under.
We make it readily apparent to the rental tenants that we have certain expectations. Gaur City 6th Avenue 2/3/4 BHK Apartments Greater Noida West, Rent is due on one day, it’s late on this day and we evict you on this day. We do not want to go around calling people and knocking on their doors. We certainly do not want to go to pick up a check at Burger King. We do not mess around either. We want people to know that we will follow up on our promises to charge the late fee and to evict. This rent system has made our lives very easy. If they can not pay the rent, we can not be nice people. The expression nice guys finish last’ is true in real estate. We do not like the idea of allowing the tenant to lead us on a wild goose chase. If they have the opportunity to or are lead to believe that it is something they can do, they will take advantage. Aspire Leisure Park by Gaurs Possession / Aspire Centurian Park by Gaurs Possession / Trecento Residences by Gaurs Possession / Gaur City 6th Avenue Greater Noida West.
I get very annoyed by people who do not pay. This is the reason I have that weekly and monthly meeting. We want to check on the pulse of the company. Gaur City 6th Avenue 2/3/4 BHK Apartments Greater Noida West , I want to see who is paying and who is not paying. When I ask who is not paying and find out the names, I then ask why. I then allow my staff to make the decision. Sometimes they will say, Let’s get rid of him. Naturally my acquisitions guy, Kevin, is a little sheepish about dumping people because he stuck them there and he has to deal with the fact that they did not come through. Kevin does a good job screening and then it turns out to be a bad move. He gets hurt by it.
So, when we make the call and it is time for someone to go we look at our rights. We have the right to apply past due charges in the rent first. Gaur City 6th Avenue 2/3/4 BHK Apartments Greater Noida West , So when they hit the magic number of their monthly rent what will happen is we will apply everything to rent and then we will continue with the eviction process. What commonly happens next is they magically find another month’s rent and we have to make a decision are we going to take it or not. Sometimes they will come in and they will give us a whole big stack of money. I have to admit, it’s hard for me to say no to that. But the eviction process must go on. It is a tough thing for people to go through. But if they ca not pay, they can not stay.
There are certain people who we have to chase to pay the rent every time out. Gaur City 6th Avenue 2/3/4 BHK Apartments Greater Noida West , What I learned over time was that the longer I let them stay in the house, the worse the house would get. Often we have someone who starts out bad right off the bat and does not pay rent for the first month. We chase them and we do not get paid until after we file the eviction. This happens every month. Once they do not pay, it kicks into another system to where I am cutting checks to evict them. I am going to my attorney, the administrative assistant’s filling out paperwork, driving it to the attorney, we are going down to court, filing so we can go to court with them, we are running copies, we are putting copies in files. It kicks in a whole lot of extra work and expense into play.
If you are fed up enough, then it’s your decision to say pull the trigger.’ The only time we do not do that is if I am headed into the summer months in Noida. Gaur City 6th Avenue 2/3/4 BHK Apartments Greater Noida West , Because that’s when I am looking paying two or three hundred dollar a month heating bill. So I am going to let them slide if I can keep getting the money for that bill. But that does not mean if they do not pay I let them slide all the way.
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