The #1
Real Estate Investing
Community

Fri, Jul 04, 2008 
TCI Shopping
Featured TCI Properties
Natural Canal Home
Ocean Isle Beach, NC
Price: $625,000
Topics 'N Comments
Forum Topics
* A List Of Questions Every Multi-unit Buyer Should Ask...!
* I Want To Buy Lease Option In Las Vegas
* Foreclosures MD Junior Liens
* REO Tapes
* Cleaning REOs
* Looking For Rehab Funding Private Lenders.
* InvestWell
* Equity Line Of Credit Foreclosure
* Bulk REO Buys?
* Difference Between Hard Money Vs. Private Money?

Comments
* Sorry, but your...
* Ed, you lost me when...
* Sources are: NAR, 50...
* "Buying real estate...
* Try http://www.Red...
* We work just the...
* My response to the...
* I think this is the...
* I have people offer ...
* " . . often visited...
Contact Us
703-778-5755
Login Problems?
Sales
Support
Feedback
Recommend Us
History and Purpose of TCI


Advertise on our site
Advertising Login
Sell Your Product Here!
Official PayPal Seal
Send this to:                            

Landlord offers Prize for rent payment

Friday, September 05, 2003 @ 08:00 AM EDT Printer Friendly Page  Printer Friendly Page
Send this Story to a Friend  Send this Story to a Friend

Contributed by: William Falkiner

William Falkiner Properties

Read more archived articles about Managing

Landlord Offers Prize for Rent Payment
(Associated Press)

GARDNER, Mass. - A landlord, tired of chasing down tenants who do not pay their rent on time, is giving them a little extra incentive to pony up - the chance to win a free vacation.

Douglas Rau, who has more than 100 tenants across central Massachusetts, held a drawing Friday for all tenants who have paid their rent in full.
Resident Pablo Gallero won a four-day, three-night stay for two at a resort in the Bahamas along with $250 in spending money.

"It's pretty bad that you've got to do this to get people to do what they're already supposed to
 
Advertisement
do on their own accord,"
Rau said. "But it seems like everybody thinks somebody owes them something."

The vacation package cost Rau about $1,000, but that pales in comparison to the approximately $5,000 it can cost to take a tenant to court to get them evicted and to fix the damage a disgruntled tenant can do to an apartment. "They don't sweep up and vacuum on their way out the door, if you know what I mean," he said.

Rau said he will hold similar drawings every month, although the prize may not always be as generous.

The gesture already appears to be working. Although some of Rau's tenants were skeptical of the giveaway and called his office to ask what the catch was, four chronically late tenants quickly paid their rent in full after the drawing was announced in March, he said.




Word Cloud:
them what already although /> the payment paid cost landlord offers said. prize tenants rent drawing tenant /> rau

 
Username or Email

Password

Remember Me:

Join 227,922 other
members FREE!
· More about Managing
· Other articles by William


Most read story about Managing:
The First Hurdle in Real Estate Investing

Average Score: 4.66
Votes: 3


Please take a second and vote for this article:

Bad
Regular
Good
Very Good
Excellent



Printer Friendly Page  Printer Friendly Page

Send this Story to a Friend  Send this Story to a Friend
"" | Login/Create an Account | 0 Comments
Threshold
These comments are owned by the posters. We aren't responsible for their content nor endorse them.

TCI Comment section - where you are the moderator!

If you see an offensive post or advertisement, please use the "As Is" drop down menu to choose a topic rank, then click Moderate at the bottom. This in turn will allow registered users to view only the topics that are most relevant to the article and get rid of the advertisement spam and junk.
Home | Articles | Article Archive | Article Submission | Calendar | Chat | Channel Partners | Freebies | FAQ | Feedback | Forums | Lender Finder | Members List | Real Estate Clubs | Recommend Us | Reviews | Search | Services | TCI University | Shop | Surveys | Properties | Web Links

The Creative Investor web site was created for Landlords, Property Managers and Real Estate Investing community.
Through using our forums, investors will be able to talk about finance, no down payment purchases, debt payoff, purchase strategies and current real estate news.
Privacy Agreement and Terms of Use. All logos and trademarks in this site are property of their respective owner.
The comments are property of their posters, all the rest 2002 by PropBot.com L.L.C.