How do property managers collect last month’s rent?
Every time a tenant moves out, they don’t pay their last month’s rent. Sometimes they leave without paying the last two months of rent. Security deposit is not enough to cover the turnover and back rent. It seems nearly every tenant has done this, costing us thousands throughout the years. We’re considering hiring a property management company. We have about 30 units right now. What exactly do property managers do for this specific issue? Do they go after the tenant after they leave or take them to court, etc.? Are they successful at collecting back rent?