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Got a House for Lease? Learn to Collect Your Rent Quick and Easy

PostAuthorIcon Author: Teo Zhenjie | PDF Print E-mail

What are Popular and Effective Ways of Collecting Your Rent Offline?

The first method for collecting your rent payment is one that landlords have been using for centuries without fail: Knocking on your tenant's door to collect cold, hard Cash from them every time the rent is due.

Although this method has been employed for ages, it still remains as one of the most effective and secure ways to obtain rent from your house for lease. The sight of a landlord standing at the doorway to his house is often compelling enough for most tenants to dig into their wallets and part with their hard earned cash.

It's always a good idea to phone your tenants few days before you arrive to avoid making a wasted trip. Make use of this call to gently remind your tenant that his rent is due so that he can prepare the money in advance.

Of course it can be quite a hassle to make a trip to your house for lease every month but it is worth the trouble if your tenant is unreliable in paying his rent or you are lucky enough to live near your house for lease.

If you prefer something easier, you can always request your tenant to pay his rent by mailing you a Bearer's Check every month.

If you are accepting rent by checks, make sure that your tenant sends you a crossed check with your name on it. He should never send you cash or a cash check in case it gets lost in the mail.

To make sure that you receive your checks regularly, always make it easier for your tenants to pay up. One handy tip is to give your tenants a stack of stamped envelopes with your own address on it. That way they can't claim that they forgotten your address or miswrote it when mailing the check to you.

Generally, accepting your rent payment by check is recommended if you have trustworthy tenants who pay up on time. If you have a week to week lease, accepting checks is a smart way of saving the trouble of making a trip to your house for lease to collect rent every week. Teo Zhenjie
 

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