How to Pro Rate Rent for Your Tenants

Many landlords find it beneficial to provide tenants with the ability to pay monthly rent on a weekly or by weekly basis. Pro rating rent for your tenants reinforces the idea that you're not out to nickl and dime from them as their landlord. Flexible rent payments are ideal for self employed people or workers in the gig economy, because they let these tenants break their rent payments into smaller, more manageable chunks throughout the month. Letting tenants pay rent on their schedule can also result in fewer late rent payments and charging late fees, which is ideal for both you and the tenant.