how to calculate late fees on rent

Late Rent Calculator & Guide: How To Calculate Late Fees

For your rental business to run successfully, you need your tenants to pay rent in full and on time each month. When tenants start to fall behind, landlords need to know how to calculate late fees on rent, charge them appropriately, and protect their business from major losses. Are you aware of how to use…
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Podcast 336: Questions to Ask Potential Renters

Questions To Ask Potential Renters (Podcast #336)

Podcast Host, Andrew Schultz, goes over essential questions to ask potential tenants and the top red flags to look for when screening renters. Andrew also discusses a new ruling in Portland, Oregon that states landlords must now pay their tenants’ relocation costs if those tenants can’t afford the rent increases they’re imposing. Last, but not…
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Podcast 335: Selling Rental Property During COVID-19

Rental Property During COVID-19 (Podcast #335)

Podcast Host and Property Manager, Andrew Schultz, goes into detail about tenants who refuse to sign a release form to show and sell your rental property. Plus, the best tips on how to handle tenants with little to no credit history, and a heartwarming story of a tenant who painted a mural for a landlord…
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Podcast 334: Can a Tenant Remodel Without Permission?

Can A Tenant Remodel Without Permission? (Podcast #334)

Podcast Host, Andrew Schultz, goes over how to manage tenants who remodel your rental property without your permission. Are they allowed to do so and do you have to pay for the property renovation? Also in this episode, we’ll discuss an ongoing email scam that landlords should be made aware of. Plus, we’ll chat about…
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Podcast 333: Section 8 Housing Vouchers

Section 8 Housing Vouchers (Podcast #333)

In this podcast, we’ll go over Section 8 vouchers, how they are used in the rental industry and the rules behind accepting them. We’ll also discuss how to deal with neighbors who are not fans of your tenants and compensating tenants while repairs or renovations are taking place on their apartment. Should you pay tenants…
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Podcast 332: Best Practices for Inheriting Tenants

Best Practices For Inheriting Tenants (Podcast #332)

Inheriting tenants can either be the best thing ever or a nightmare. Podcast Host, Andrew Schultz, goes over the best practices for inheriting tenants, including whether or not you should keep the tenants and how to handle their leases. Also in this episode, we’ll discuss tenants who vacate the property but forget about everything in…
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what happens when a tenant breaks their lease

What Happens If A Tenant Breaks Their Lease And Moves Out?

Updated October 2020 As a landlord, you spend a lot of time screening tenants, choosing the right fit, setting up a lease agreement, and getting them moved into the property. From there, you expect to proceed through the entire lease agreement before you have to repeat the process again, but that’s not always what happens….
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Podcast 331: Bookkeeping Advice for Rental Properties

Bookkeeping Advice For Rental Properties (Podcast #331)

Renting properties out is a business. When you have four or five rental properties, managing accounts can become somewhat of a task. So, how do you keep your tenants’ accounts organized while still maintaining your personal life? Podcast host and Property Manager, Andrew Schultz, explores the topic. Plus, we’ll discuss what to do if you’ve…
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Podcast 330: Rental Property Disclosure

Rental Property Disclosure (Podcast #330)

When you go to show a rental property, how much information should you disclose? Maybe the neighbors are sensitive to loud parties or the basement floods a little when it rains. Whatever it is, podcast host, Andrew Schultz touches on how to much to disclose to tenants and more. Also in this episode, we’ll discuss…
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Podcast 329: Best Tips on Cash for Keys

Best Tips: Cash for Keys (Podcast #329)

Rather than go through the eviction process, landlords have the ability to offer tenants a lump sum of money in exchange for a tenant to vacate the property, also known as cash for keys. In this podcast, we’ll go over the best tips to make a landlord and tenant happy with any cash for keys…
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