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The common mistake from property owners is that of assuming that they are managing a building forgetting that the building can’t generate monthly returns unless the tenant in it is paying promptly. * Money wasters This mistake costs many property owners millions of revenue over time. If you don’t have a plan to manage your tenants, you lose money to common acts of. * Failure to follow up on tenants. You might just not have the time to always follow up on your tenants. Depending on how many tenants you have, it is not an easy task to follow up on them. * Failure to meet payment obligation. Some tenants will want to use your properties without making payments. Loosing track on payment patterns. * Continuous excuses requesting for more time to make payments. * Lack of proper records on payment * Creation of false receipts or payments. Some tenants create false deposit slips or receipts claiming to have paid in your bank accounts. * Payments management Payments management is a concept applied in different businesses. It is a cost effective approach to managing your revenue collections without having to incur a lot of costs or losing money through fraud and non-payment.