Notes

Tips and Strategies That Will Save You Tons of Time Collecting Rent
Collect Rent which has a
One of the things that we recommend as much as collecting rent is that you simply possess a P.O. Box. Most P.O. Boxes your local postal service or FedEx store don't cost greatly. I get a P.O. Box within my local tn post office and it's really under $100 per year. It's like $45 every 6 months.
That way it is sometimes difficult or a pain going your mailbox frequently, but remember that, you do not want rent coming to your individual residence. I guarantee that. I would highly, recommend spending a few bucks, 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's it will be possible that you will move over time. You may only move one or two miles, but doing this you won't need to notify everybody on earth and your tenants where you can send rent if you move whenever. Now it doesn't matter should you move, because they don't have any idea and the rent still goes to the P.O. Box.
Collect Rent Electronically
We also suggest that you build a system set up to get rent electronically. We are really creating a big push that way. We are approximately 40 to 45% right this moment that we collect electronically. If you've got a software package you can do that, or you can work with a site called . They allow for individuals to pay for through their checking accounts. You can use as a possible way to collect it.
Do Not Accept Cash
One of the items we do not do is accept cash. We do not grab cash. That is one of them rules. Please, please, please not violate this. We do not decide to get rent, period. Don't start it. Don't think, "Well, they're paying late this month. If I go understand it I'll solve that problem."
Tenants are strange animals. I guarantee you that in case you pick up the rent once, the subsequent month and the next month and also the next month they'll expect you to pick-up the rent again. Not only that, but they prefer becoming justification. What will happen is they'll say, "Fine, I'll delay until the landlord comes and picks it up."
The third from the month comes, the sixth from the month comes, the ninth from the month comes, and also you haven't gotten your rent. You contact plus they say, "Oh, I thought you're gonna come understand it. It's here. It's looking forward to you."
You're like, "Well, why didn't you mail it?"
"Well, you picked it recently!"
Well, now they seem to treat becoming it's your condition, not theirs. "Oh, the rent's here, you only haven't come picked up." So they've kind of attempted to push the issue onto you.
So then you definitely 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 go home, you give them a call up. They don't answer the phone until Sunday night, "Oh, yeah, yeah. I got called to function. 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 be effective. It's Monday evening and also you've got to perform on the bottom again after work. So what happens is basically that you start commencing this vicious circle. Don't do it. Simply do not do it. Don't start it so you'll never get caught.
What I really suggest is basically that you make sure you train your tenants to spend electronically or to send it inside the mail. carlton property management exists specific and concise instructions on exactly how to cover their rent, because in the event you give them some confusion, they will take that just as one good thing about not paying.
We certainly accept checks, if the tenant pays a couple of times an undesirable check, stop that at that point. Make it a policy as part of your lease to not accept any checks following your first or second bad check.
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