As a landlord with very low SE tenants (only 3 of 9 tenants have jobs, the rest are welfare) this can go both ways. We have had some that just never recovered and we ended up claiming insurance. But we do have 2 that have improved after a few chances.
One was terrible, always paying late, never quite the right amount etc. the PM referred her to the salvos budgeting course and she caught up with her debt and is now always 2 weeks in advance. She has been our tenant now for about 5 years.
$100 extra seems a lot to me if the tenant is on benefits and you might have more success with a smaller amount, yes it takes longer to recoup your money but it helps them change their habits if it is an achievable amount.
Sometimes if you are a slum lord you have to approach things differently to get your desired outcome. It is very frustrating though.
One was terrible, always paying late, never quite the right amount etc. the PM referred her to the salvos budgeting course and she caught up with her debt and is now always 2 weeks in advance. She has been our tenant now for about 5 years.
$100 extra seems a lot to me if the tenant is on benefits and you might have more success with a smaller amount, yes it takes longer to recoup your money but it helps them change their habits if it is an achievable amount.
Sometimes if you are a slum lord you have to approach things differently to get your desired outcome. It is very frustrating though.