rent receipt

Rent Receipt Sample: How To Fill Out A Rent Receipt

Updated January 2021 Collecting rent is one of the primary aspects of your rental business, and there are many ways to bring in that cash flow. Some landlords prefer their tenants using checks; others accept cash. Depending on where you live, you might even be restricted by your state and local laws with regard to…Read More

tenant leaves without paying rent

Landlord Next Steps: Tenant Didn’t Pay Rent And Left

When a tenant leaves without paying rent, you might be left with hundreds or thousands of dollars missing from your business funds. The exact amount will depend on the property and how much rent is owed, but the bottom line remains the same. Your business could suffer due to this loss of income. Is it…Read More

Rental Grace Period

Rent Payment Grace Period – When Is Rent Late?

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…Read More

tenant not paying rent

Handling A Tenant Not Paying Rent (Notices, Guides & More)

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?…Read More

ACCEPTING LATE RENT DURING THE EVICTION PROCESS

Is Accepting Late Rent During The Eviction Process OK?

Updated July 2020 Collecting late rent can be one of the most frustrating parts about being a landlord. After all, collecting money for the use of your rental property is the primary reason you got into real estate investing. When tenants force landlords to start the eviction process, it can seem as if getting any…Read More

how to ask for rent money nicely

How To Ask For Rent Money Nicely (Plus A Backup Plan)

When tenants don’t pay rent on time, you are put into a difficult situation. Landlords need to take swift action to ensure that their business doesn’t suffer due to late payments, but not all landlords will be ready to move straight to eviction. Landlords like you should always have a good grasp on what can…Read More

how to ask for rent money nicely

How To Ask For Rent Money Nicely (Plus A Backup Plan)

When tenants don’t pay rent on time, you are put into a difficult situation. Landlords need to take swift action to ensure that their business doesn’t suffer due to late payments, but not all landlords will be ready to move straight to eviction. Landlords like you should always have a good grasp on what can…Read More

how to calculate the rent

How to Calculate the Rental Rate: The 5 Most Important Factors

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…Read More

Late rent notice

Late Rent Notice vs. 3 Day Notice to Pay or Quit (5 free forms)

Your tenant is behind on rent and you’re left wondering how exactly to handle a late rent notice. Nothing strains a relationship quite like someone owing you money. In this guide, we’ll discuss everything you need to know about late paying tenants and how to properly serve them a late rent notice. A table of…Read More

landlords increase the rent

Sample Rent Increase Letter (and delivery instructions)

Owning rental property means you own a business. And when you own a business, you need to remember that your goal is to continuously improve your revenue streams. One important thing for landlords to focus on is changing rent to reflect market rates, inflation, and tax hikes that will otherwise eat into your cash flow….Read More