Notes

Tips and Strategies That Will Save You Tons of Time Collecting Rent
Collect Rent having a
One of the items we recommend as far as collecting rent is that you possess a P.O. Box. Most P.O. Boxes at the local post office or FedEx store don't cost quite definitely. I get a P.O. Box within my local tn post office and under $100 per year. It's like $45 every 6 months.
That way frequently it's difficult or a pain going to your post office frequently, but keep in mind that, you don't wish rent going to your individual residence. I guarantee that. I would highly, highly recommend spending a few dollars, obtaining a P.O. Box, and be sure that rent goes to that P.O. Box.
The other reason we do that or recommend it really is possibly that you're going to move over many years. You may only move a couple of miles, but like that you don't need to notify everybody on the globe along with your tenants where you should send rent in case you move each time. Now it doesn't matter should you move, as they do not have any idea along with the rent still travels to the P.O. Box.
Collect Rent Electronically
We also suggest that you produce a system available to get rent electronically. We are really making a big push that way. We are approximately 40 to 45% right now we collect electronically. If you've got a software package you can do that, or you can utilize a site called . They allow for folks to cover through their checking accounts. You can use as a prospective way to collect it.
Do Not Accept Cash
One of the things we all do not do is accept cash. We do not pick-up cash. That is one of these simple rules. Please, please, please do not violate this. We do not decide to pick-up rent, period. Don't start it. Don't think, "Well, they're paying late this month. If I go pick it up I'll solve this difficulty."
Tenants are strange animals. I guarantee you that if you get the rent once, the subsequent month as well as the next month as well as the next month they are going to expect you to grab the rent again. Not only that, but they'll use it an excuse. What will happen is they'll say, "Fine, I'll hold off until the landlord comes and picks up."
The third of the month comes, the sixth from the month comes, the ninth with the month comes, so you haven't gotten your rent. You call up and they also say, "Oh, I thought you're planning to come figure it out. It's here. It's looking forward to you."
You're like, "Well, why didn't you mail it?"
"Well, you picked it up recently!"
Well, description of how the apparently treat becoming it's your condition, not theirs. "Oh, the rent's here, you simply haven't come picked it." So they've type of attemptedto push the problem onto you.
So then you certainly say, "All right, fine, I'll be there Saturday morning, 10:00." Tenant says, "Fine." You arrive Saturday at 10:00 and nobody's home.
You return home, you give them a call up. They don't answer the product until Sunday night, "Oh, yeah, yeah. I got called to function. I'm sorry. I got called to work. I got this or I got that." Now it's Monday and they've got to be effective. It's Monday evening so you've got to own on the bottom again after work. So what happens is that doncaster property management start starting this vicious circle. Don't do it. Simply avoid them. Don't start it and you also'll never get caught.
What I really suggest is basically that you make sure you train your tenants to pay for electronically or to send it within the mail. That way there's very clear and concise instructions on the best way to pay their rent, because should you give them some confusion, they are going to take that being an benefit of failing to pay.
We certainly accept checks, however, if the tenant pays maybe once or twice a negative check, stop that when this occurs. Make it a policy inside your lease never to accept any checks as soon as the first or second bad check.
Website: http://www.masonre.com.au/