
3 Different Methods for Collecting Rent
One of the many challenges that landlords face is tenants who fail to pay rent on time, or at all. Tenants may also fail to pay for other things they are responsible for, such as utility bills or property damages.
When tenants don’t uphold their rental contracts, landlords may be forced to sue their tenants or have them evicted from the property. But even if the landlord secures a judgement in their favor, they may never be paid and going to court can be expensive and time-consuming.
The best way for landlords to ensure prompt, regular payment from tenants is to establish clear rent collection policies. One way to simplify this process is to use outsourced payment services that can help establish payment options and produce statements to keep track of who owes what, and when. Here ar...