As a landlord or property manager, you have various specific and general landlord responsibilities when it comes to all aspects of your rental properties. Everything, of course, hinges on what has been agreed to in any rental agreement or lease; those written contracts supersede what has been traditionally taken care of by landlords and renters….
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One of the easiest ways to collect rent is by setting up direct deposit rent to the landlord. This makes it easy to collect rent each month because the money is automatically withdrawn from the renter’s bank account into the landlord’s account. Just because something is easy doesn’t always mean it’s a good idea though….
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The rent-collecting process begins even before the resident moves in. When giving a new tenant final instructions about moving in, make sure they understand the contract that was made between them and the property. Their part of the contract is to pay their rent on or before the 1st of every month, and in exchange,…
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Here are 11 tips on how to proceed when your tenants are late on the rent payment: 1. Rent is due on the first, late on the second, and the tenant should be served with a Pay or Quit notice on the fourth. 2. All residents with any amount of rent due are served a…
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