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518 - Trouble Collecting Rent on Time? Try Flexible Rent Payments by Remen Okowura

BiggerPockets Daily

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How to Set Up Flex Pay?

Offering flex pay to responsible tenants sets you apart from other property owners. You may find it easier to fill vacancies if you offer flexible payment schedules during the interview. It is vital to sure that the lease agreement clearly states when rent is due, the grace period and your policy on collecting late fees. Then you need to have a system to track rent payments as pur the tenancy agreements. With tracking tools, you can easy track payments to ensure that all tenants pay rent on time.

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