Good Plan for Property Managers
Property management involves juggling tenant payments, vendor invoices, and owner expectations. When rent is late or emergency repairs create large bills, you're caught in the middle.
Good Plan helps property managers create structured payment plans that keep properties running, tenants housed, and owners paid.
Common Property Management Challenges
Late Rent Payments
Issue: Tenant lost job, reduced hours, or unexpected expense
Traditional approach: Late fees, eviction threats, collections
Good Plan approach: Structured payment plan, tenant stays housed
Emergency Repair Bills
Issue: Plumbing, HVAC, or electrical emergency creates large bill
Challenge: Tenant responsible but can't pay lump sum
Solution: Payment plan avoids small claims court
Move-Out Damages
Issue: Security deposit doesn't cover damage
Challenge: Tenant moved out, hard to collect
Solution: Payment plan more effective than collections
Vendor Invoice Disputes
Issue: Work completed but owner disputes cost
Challenge: Vendor needs payment, owner has budget concerns
Solution: Payment plan while dispute resolves
Use Cases by Property Type
Residential Single-Family
- Late rent arrears
- Lease break fees
- Pet damage beyond deposit
- Landscape damage
Multi-Family Units
- Individual tenant arrears
- Damage charges
- Utility bill reconciliation
- Common area damage
Commercial Properties
- Tenant improvement overruns
- CAM charge disputes
- Emergency repair pass-throughs
- Lease termination settlements
How It Works
For Tenant Arrears
- Tenant owes 3 months rent: $4,500
- Create 6-month payment plan: $750/month
- Tenant catches up without eviction
- Unit stays occupied, owner gets paid
For Damage Charges
- Move-out damages: $2,800
- Security deposit: $1,200
- Balance owed: $1,600
- 4-month plan: $400/month
- Collect without legal action
For Emergency Repairs
- Tenant-caused plumbing damage: $3,200
- Insurance doesn't cover
- Tenant responsible but can't pay
- 8-month plan: $400/month
- Avoid court, get reimbursed
Benefits for Property Managers
✓ Reduce Evictions - Keep units occupied
✓ Minimize Legal Costs - Avoid court fees
✓ Maintain Occupancy Rates - Stable income
✓ Professional Image - Fair, structured approach
✓ Owner Satisfaction - Show proactive collection
vs. Traditional Methods
Eviction
- Cost: $1,500-$5,000 in legal fees
- Time: 2-6 months
- Vacancy: Lost rent during process
- Collection: May still owe after eviction
Collections Agency
- Cost: 30-50% of recovered amount
- Timeline: Months
- Success rate: Low for small amounts
Good Plan
- Cost: $29-$79/month
- Timeline: Days to set up
- Success rate: High with structured plans
- Relationship: Can remain professional
Real Property Management Scenarios
Scenario 1: Job Loss
Situation: Tenant lost job, owes 2 months rent
Amount: $3,000
Plan: 6 months × $500
Outcome: Caught up, stayed 2 more years
Scenario 2: Pet Damage
Situation: Dog damage beyond deposit
Amount: $1,800
Plan: 6 months × $300
Outcome: Paid in full, good reference
Scenario 3: Vendor Bill
Situation: Owner disputes HVAC repair cost
Amount: $4,200
Plan: 12 months × $350
Outcome: Paid, relationship preserved
Pricing
14-Day Free Trial
$29/month - Up to 10 active plans
$79/month - Unlimited plans
Perfect for property managers handling multiple properties and tenants.