Notes

Tips and Strategies That Will Save You Tons of Time Collecting Rent
Collect Rent with a
One of the things that we recommend as much as collecting rent is you have a P.O. Box. Most P.O. Boxes at your local postal service or FedEx store don't cost very much. I get a P.O. Box inside my local post office and it's lower than $100 a year. It's like $45 every 6 months.
That way it is usually difficult or even a pain visiting your post office frequently, but believe me, you do not want rent arriving at your own personal residence. I guarantee that. I would highly, suggest spending a few bucks, obtaining a P.O. Box, and make certain that rent travels to that P.O. Box.
The other reason we do that or recommend it really is possibly that you'll move over recent years. You may only move one or two miles, but that way you don't need to notify everybody in the world plus your tenants where you can send rent should you move every time. Now it doesn't matter in case you move, because they don't be aware of as well as the rent still travels to the P.O. Box.
Collect Rent Electronically
We also suggest that you develop a system in place to collect rent electronically. We are really creating a big push that way. We are approximately 40 to 45% at this time that individuals collect electronically. If you've got a software package you can do that, or you can work with a site called . They allow for folks to pay through their checking accounts. You can use as a potential way to collect it.
Do Not Accept Cash
One of what we do not do is accept cash. We do not pick-up cash. That is one of these rules. Please, please, remember to not violate this. We do not get out there and get rent, period. http://www.masonre.com.au/ start it. Don't think, "Well, they're paying late this month. If I go figure it out I'll solve this problem."
Tenants are strange animals. I guarantee you that should you pick-up the rent once, another month and also the next month as well as the next month they are going to expect you to pick-up the rent again. Not only that, but they prefer becoming a reason. What will happen is they'll say, "Fine, I'll delay until the landlord comes and picks it."
The third from the month comes, the sixth with the month comes, the ninth from the month comes, and you haven't gotten your rent. You contact plus they say, "Oh, I thought you were likely to come pick it up. It's here. It's waiting for you."
You're like, "Well, why didn't you mail it?"
"Well, you picked up last month!"
Well, description of how the appear to treat it it's your condition, not theirs. "Oh, the rent's here, you just haven't come picked it." So they've sort of attempted to push the challenge onto you.
So then you certainly say, "All right, fine, I'll be there Saturday morning, 10:00." Tenant says, "Fine." You show up Saturday at 10:00 and nobody's home.
You go back home, you give them a call up. They don't answer the phone until Sunday night, "Oh, yeah, yeah. I got called to operate. I'm sorry. I got called to work. I got this or I got that." Now it's Monday and they've got to operate. It's Monday evening and you also've got to run down there again after work. So what happens is that you start starting this vicious circle. Don't do it. Simply do not do it. Don't start it and also you'll never get caught.
What I really suggest is you make sure you train your tenants to pay electronically as well as to send it inside the mail. That way there's very clear and concise instructions on just how to pay for their rent, because in the event you give them some confusion, they will take that being an benefit from failing.
We certainly accept checks, in case your tenant pays once or twice a poor check, stop that when this occurs. Make it a policy inside your lease never to accept any checks after the first or second bad check.
My Website: https://painless.network/members/graygray51/activity/454733/