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Wednesday, November 21, 2007

Landlords - time to send out rent bills!

It's time. You should be sending a bill to your rentals today to ensure prompt payment of your rent. The statement should include the following:
- when rent is due
- when rent is late
- what the fine is for the rent being late
- what form to make the payment in
- where to send it.

It doesn't hurt to have a return envelope with the statement with your address on it. Log that you have sent out this statement in your rental logs.

I know, I know. You're saying most of these things are in the month-to-month or lease agreement you have signed with the tenants. But most of them have not been read, so remind them. Today. And have a good December!

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