Tips and Strategies That Will Save You Tons of Time Collecting Rent

Collect Rent which has a
One of what we recommend as much as collecting rent is that you simply have a very P.O. Box. Most P.O. Boxes at your local postal service or FedEx store don't cost a lot. I get a P.O. Box at my local mailbox and it's really below $100 annually. It's like $45 every six months.
That way frequently it's difficult or even a pain visiting your tn post office frequently, but keep in mind that, you don't want rent arriving at your own personal residence. I guarantee that. I would highly, recommend spending some amount of money, obtaining a P.O. Box, and make certain that rent travels to that P.O. Box.
The other reason perform that or recommend it's it is possible that you're going to move over the years. You may only move a couple miles, but like that it's not necessary to notify everybody on the globe plus your tenants best places to send rent in the event you move each time. Now it doesn't matter should you move, because they do not be aware of along with the rent still travels to the P.O. Box.
Collect Rent Electronically
We also advice that you produce a system in position to get rent electronically. We are really creating a big push doing this. We are approximately 40 to 45% right now that people collect electronically. If you've got a software package you can do that, or you can work with a site called . They allow for people to pay through their checking accounts. You can use  as any way to recover it.
Do Not Accept Cash
One of what we all do 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 grab 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 difficulty."
Tenants are strange animals. I guarantee you that if you grab the rent once, another month and the next month and the next month they are going to expect you to pick-up the rent again. Not only that, but they'll use it a reason. What will happen is they'll say, "Fine, I'll wait until the landlord comes and picks up."
The third from the month comes, the sixth from the month comes, the ninth from the month comes, so you haven't gotten your rent. You contact and they say, "Oh, I thought you had been planning to come figure it out. It's here. It's expecting you."
You're like, "Well, why didn't you mail it?"
"Well, you picked it last month!"
Well, this is seem to treat becoming it's your trouble, not theirs. "Oh, the rent's here, you merely haven't come picked it down." So  property management doncaster east  of experimented with 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 appear Saturday at 10:00 and nobody's home.
You go home, you call them up. They don't answer the product until Sunday night, "Oh, yeah, yeah. I got called to be effective. I'm sorry. I got called to operate. I got this or I got that." Now it's Monday and they've got to be effective. It's Monday evening and also you've got to operate down there again after work. So what happens is you start entering 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 you make sure you train your tenants to spend electronically in order to send it inside the mail. That way there is clear and concise instructions on the best way to cover their rent, because if you give them some confusion, they will take that just as one benefit of not paying.
We certainly accept checks, however, if the tenant pays once or twice a bad check, stop that at that time. Make it a policy inside your lease not to accept any checks after the first or second bad check.