eviction protection: How to Get Tenants to Pay Rent on Time
- 03/14/19 07:32 AM
Buying a rental property can be a great source of cash flow and capital appreciation. However, as with many other types of investment, receiving payments on time is important. With rental properties, having tenants who not only pay their rent, but also pay it on time is crucial. Without rent coming in, you may be unable to pay your debts and property expenses. 7 Tips to Ensuring Your Tenants Pay Rent Every Month 1. Review Your Lease TermsMake sure your lease/rental agreement is clear on all matters related to rent. Such as: The amount of rent due. Also, check what your state landlord-tenant laws say about … (2 comments)
eviction protection: Protect Your Rental Income with Rent Default Insurance
- 03/07/19 07:46 AM
It goes without saying that rent is the heart of a rental business. So much so, that about 59% of landlords believe that steady income is more important than credit history, according to a survey conducted by SmartMove. The fear of tenants not paying rent is the reason why most landlords require prospective tenants to have an income that is at least three times the rental rate. Understandably, without any rental payments coming in, you won’t be able to pay your: property taxes, insurance, mortgage payments, or any other debts and expenses. Sure, tenant screening is critical. However, it doesn’t guarantee a conflict-free tenancy. Even … (13 comments)
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