(This post is part of our “Landlord Basics” series, which seeks to help the new landlord / investor understand some of the basics of tenant relations and property management. Click here to view the entire Landlord Basics archive.)
In a perfect world, every tenant would pay all their rent on time every month. Unfortunately for the real estate investor, we don’t live in a perfect world. A tenant’s failure to pay rent on time is a violation of the lease, but do you always want to move for eviction? The tenant payment agreement can help you stay on top of your tenants, while at the same time giving them the opportunity to catch up.
Continue reading ‘Landlord Basics: Tenant Payment Agreement’
