Collecting rent is central to your business and success as a landlord. What if you could be doing this with more efficiency and effectiveness? Rent collection doesn’t have to be a tedious task, and tracking the payments collected doesn’t need to take up much time. Instead, you could be saving time, money, and your sanity…
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Once you sign a lease with your tenants, how they decide to split the rent between them is out of your hands. However, it’s good practice as a landlord to be aware of the tools tenants may use and what troubles they might encounter. One tool worth knowing more about is a rent split calculator….
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Updated April 2021 After winning an eviction case or other civil court case against a tenant, it’s time to collect what you are owed. Once you have a judgment against a tenant for not paying rent, what happens next? Learning how to execute tax refund garnishments for past due rent is a great way to…
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Updated March 2021 What do you do when your tenant is behind on rent, and you’re left wondering how exactly to handle a late rent notice? It can feel very awkward to send out a late rent notice to tenants you like. Nothing strains a relationship quite like someone owing you money. It’s important to…
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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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Updated August 2020 Rent grace periods are sometimes a confusing topic for landlords and renters alike. If rent is due on a specific date, why are renters not immediately responsible for covering a late fee from the next day? Why isn’t the rental payment due date changed to simplify the process? Rental payment grace periods…
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No landlord wants to deal with a tenant not paying rent, but every landlord is likely to encounter this situation at some point in their career. When a tenant doesn’t pay rent on time, it can be confusing to figure out what your next steps are. Do you immediately move on to filing for eviction?…
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The rental industry is constantly changing. As technology advances, markets change, and the world keeps moving, there are going to be opportunities to change the way you do business. One aspect of the rental industry that has been rapidly changing in the last decade is the way that rental payments are collected. While everyone used…
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For a landlord, there are few things worse than a tenant starting to fall behind on rent. Unfortunately, that scenario comes to life too often for comfort. When a tenant that you believe to be a good and generally reliable person begins to fall behind on rent, deciding what to do next can be confusing….
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Whether you’re a first-time landlord ready to test out the rental market or a more experienced landlord trying new locations and property types, deciding how much rent to charge can be one of the hardest parts of the rental process. And one of the most important. The amount that you charge for rent will decide…
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