Notes

Tips and Strategies That Will Save You Tons of Time Collecting Rent
Collect Rent which has a
One of what we recommend as far as collecting rent is you possess a P.O. Box. Most P.O. Boxes at your local tn post office or FedEx store don't cost a lot. I get a P.O. Box within my local post office and under $100 per year. It's like $45 every 6 months.
That way it is sometimes difficult or perhaps a pain having to go to your mailbox frequently, but trust me, you don't wish rent going to your personal residence. I guarantee that. I would highly, recommend spending a few bucks, finding a P.O. Box, and make sure that rent would go to that P.O. Box.
The other reason we all do that or recommend it can be it will be possible that you're going to move over the years. You may only move a few miles, but this way you won't need to notify everybody on the globe and your tenants where you can send rent should you move every time. Now it doesn't matter should you move, as they do not be aware of as well as the rent still would go to the P.O. Box.
Collect Rent Electronically
We also advice that you build a system available to collect rent electronically. We are really setting up a big push this way. We are approximately 40 to 45% right this moment we collect electronically. If you've got a software package you can do that, or you can utilize a site called . They allow for those to pay for through their checking accounts. You can use as a prospective way to collect it.
Do Not Accept Cash
One of the items perform not do is accept cash. We do not grab cash. That is one of these rules. Please, please, remember to not violate this. We do not just go pick-up rent, period. Don't start it. Don't think, "Well, they're paying late this month. If I go understand it I'll solve this dilemma."
Tenants are strange animals. I guarantee you that should you pick-up the rent once, the following month and also the next month and also the next month they're going to expect you to pick up the rent again. Not only that, but they prefer it a reason. What will happen is they'll say, "Fine, I'll hold off until the landlord comes and picks it up."
The third from the month comes, the sixth with the month comes, the ninth from the month comes, and also you haven't gotten your rent. You call up plus they say, "Oh, I thought you had been gonna come understand it. It's here. It's waiting for you."
You're like, "Well, why didn't you mail it?"
"Well, you picked it a few weeks ago!"
Well, this is seem to treat it as it's your trouble, not theirs. "Oh, the rent's here, you simply haven't come picked up." So they've type of experimented with push the challenge onto you.
So then you definitely say, "All right, fine, I'll be there Saturday morning, 10:00." Tenant says, "Fine." You appear Saturday at 10:00 and nobody's home.
website go back home, you refer to them as up. They don't answer the phone until Sunday night, "Oh, yeah, yeah. I got called to work. I'm sorry. I got called to operate. I got this or I got that." Now it's Monday and so they've got to operate. It's Monday evening and you also've got to operate on the bottom again after work. So what happens is that you start entering this vicious circle. Don't do it. Simply avoid them. Don't start it and you'll never get caught.
What I really suggest is that you simply be sure you train your tenants to cover electronically in order to send it in the mail. That way there's clear and concise instructions on exactly how to pay for their rent, because in the event you give them some confusion, they are going to take that just as one good thing about not paying.
We certainly accept checks, but if the tenant pays once or twice a negative check, stop that at that time. Make it a policy as part of your lease not to accept any checks following the first or second bad check.
Read More: https://dailyuploads.net/i4msa8nrhiz6