Approximately 40% of all renters are still writing checks to pay their rent. The cost of processing checks and the time required by the staff to reconcile rent payments made by check are two reasons owners and operators should consider going digital. An overwhelming number of renters (84%+) want to pay their rent electronically. Seems simple enough to make the change from ‘analog to digital’ and is something all owners accepting rent by check should strongly consider.

 

 

Svikhart & Associates, a Salt Lake City-based real estate services company, focuses on asset management, brokerage listings and sales, and all aspects of a multifamily investment. Specific diligence regards property operations and strategies to maximize asset performance and value. Additionally, the firm assists owners regarding economic, financial and market factors that impact returns on investment. The firm targets ‘Mid-Tier’ assets which it defines generally as 10-to-60-unit properties.

 

Please find us at svikhart.com or contact us at 801-550-5684 to learn about the real estate services the firm provides. To subscribe to the firm’s newsletter addressing events of the day please follow this link Newsletters.