Atlanta Project Thread IV

[joecool]

I worked in marketing for a property management company for years. The issue with tenants not paying their rent is that the goals of these newer apartment buildings are to reach a stabilization point of 90% occupancy. Once that happens, the buildings are typically sold to another company. The original owners make their profit and then wash their hands of the situation. All the managers and leasing agents care about is filling up the building and getting their commission/bonuses, then moving on to the next lease-up. They often fail to conduct proper background checks, and identity theft has become rampant. As a result, these renters move in and do not pay rent for over six months before getting evicted. Unfortunately, the eviction process has taken far too long in recent years, making it difficult for the new company to remove these tenants from the building. These renters never get evictions on their credit due to using someone else identity to rent the apartment.

Not to mention the ruckus these renters cause: wild parties, drugs, and damage to the amenities and the building. It makes it extremely difficult to keep good renters in the building with all of the riffraff that the new company is desperately trying to eliminate. recently companies have become waaaaay more strict with the application process to filter out these renters who are trying to get into these new luxurious buildings.