Collecting Rent from renter on time is a task and almost every landlord doesn’t like to ask for it every month. There must be some trick or tips which can make rent collection easy for Landlords. Well, by following the below mentioned quick tips this problem can be solved:
Send Reminders
This one is the most vital action item. The first of every month has the propensity to create anxiety in everyone’s life, therefore a friendly reminder will help in the long run in curbing late rent payment. Though in this, a minor hurdle can knock your door and that is you can’t meet your renter personally if your property is not in the same city. In this sort of situation, RentScribe comes into the picture. The landlord doesn’t have to worry about the rent for his/her property in any city, as RentScribe will send the reminder email to the renter for the rent payment, if the renter schedules the rent payment or have setup the recurring payment online through RentScribe.
Frame Your Rent Agreement For Late Rent
It is important to simplify the late rent payment clauses in your rent agreement. It will make it clear to the renter that if there is any continuous delay in the rent payment then what repercussions he/she has to face. It’s vital that the renter should understand the seriousness of rent payment delay. Register with RentScribe and avail the option of the digitized rent agreement. It’s easy to generate, read and sign.
Give your Renters Options
Make rent payment easy for your renters. Give them options to pay rent online through credit card and bank account. This will reduce or almost diminish the late rent payment situation. Invite your renter to RentScribe platform and allow him/her to pay rent easily online. Encouraging automated payments eradicates the uncertainty of collecting rent and eliminates human error.
Let RentScribe Work For You
You can utilize the platform to eliminate the dreary renting process and experience the smarter version of renting. We offer online rent payment option (credit cards and bank account), digitized rent agreement, insurance, maintenance, inspection, split payment and many more interesting features that will give you peace of mind.
These are few tips which Landlord should consider, as it will eradicate the late rent payment situation and will make both the parties happy. Sign in with RentScribe and experience the smarter way of renting.
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