If you're a landlord and you're making the decision to make some money payments to your tenants, it usually is tempting to just write a check and send it out. In the end, you can do it anytime and anywhere you like. But, imagine if your check does not make it happen on time? Imagine if ezcash bounces, since it often does when you're paying large sums of money out simultaneously? Here are some of the problems you may run into when you are thinking of doing this.

A bouncing check is simply an error on your end. This means that someone didn't consent to or was unable to pay for their rent payments. In order for you to recover your cash, you will have to go through the legal process of taking the liability of the tenant to court. Sufficient reason for court fees and court costs already high, the money you make when doing a settlement will probably not be worth it.

You may have different alternatives for enforcing late payments. It is possible to change the payment dates or tack on late charges to the finish of the lease, which may make your tenants feel bad about not paying. But what goes on when your tenants decide they want to go someplace else? You'll suddenly find yourself with a big mess to completely clean up.

Chances are, your tenant still has the rug pulled out from under him. They may still owe rent, and you'll have to try to collect it from a person who is moving out, which could be your ex-landlord. That is why it's better to stay away from the problem entirely by establishing an automatic process where your tenant signs an application acknowledging that they can pay rent on the date you set.

Fortunately that there are a few companies that may help you do this. Whenever your tenant moves out, they'll either send you their payment or you can call them and remind them of these agreement. If you're not sure whether or not your tenant will pay, that is a great way to obtain some peace of mind.

There are also plenty of companies out there which will do just the contrary. They'll have a percentage of the rent payment and then charge your tenants for the total amount. This is an unfair process, so you'll want to ensure that it never gets done. If you believe your tenant may be up for a surprise payment, setup a meeting and talk over the payment terms.

One thing that many landlords forget to see their tenants is a property does NOT will have to be vacant for a whole year to begin with collecting rent. Landlords can take a Tenant Orientation Course showing renters just how much longer their lease is. Following this course, your tenant should know how much longer they'll have to pay on the property. This is often helpful, particularly if your tenant has children.



Most of these processes are easy to handle and won't set you back anything. You'll find that by creating a system that allows one to make small payments right to your tenant and collecting your rent concurrently, you'll be able to help reduce your costs. Even if you don't do this, be sure to set up a process set up for your tenants to make their payments on your behalf. This can help to remove some of the confusion associated with collecting rent. You might find that this process goes quite smoothly when you follow some simple steps. By paying your rent and showing your tenants making their payments, you can help them have a far more comfortable living environment.