The expenses for your investment property need to be paid, whether your tenant has paid their rent or not.

It is important to take action early to minimise potential losses that can arise due to rental arrears.

If you already are a RealRenta Landlord, the platform will automatically notify your tenant as soon as the payment is overdue, with a Reminder Notice and then later, a Breach Notice.

Here are some tips from RealRenta for landlords, when your tenant fails to pay rent:

• Agree to a payment plan- sometimes agreeing to a payment plan is cheaper and easier than finding a new tenant
• Refer your tenant to the relevant Tenant’s organisation in your area, for additional advice and support.

Remember, prevention is better than the cure. Take advantage of RealRenta’s Bad Tenant Checks, beginning from as little as $25.

RealRenta is for Smart Investors, who realise that they are no longer bound to traditional property management and the associated high fees

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