SherRon Marcek 
If you are reading this, it means you are wondering how salon chair rental, also known as booth rent, works. As a salon owner, you may not be sure what ALL the questions are to ask, but don’t worry! While there is much to know, some of the answers you’re looking for are here. What …
With so many transactions happening every day, it’s easy to skip one or two. Both landlords and tenants can be guilty of either rushing through the monthly rent transaction or, as landlords, not having a system set up to make providing a receipt easy. While most of the time, giving and getting rent receipts won’t …
How to Calculate a Property’s Cap Rate When you invest in a rental property, you want to know that it’s an asset to your portfolio. While you can look at the property’s previous net income and general appeal, its cap rate will give you the most information about how the final decision may impact your …
No one is an island. People have friends, families, and loved ones with whom they enjoy sharing their spaces. Determining the difference between a tenant vs. occupant vs. guest, however, is important to most landlords. Landlords and property managers alike have to take care of their properties and that process gets easier when they know how …
Did you know that rental arbitrage makes it easy for investors to start making a passive income? With vacation rentals ever-growing in popularity, platforms like Airbnb make it simpler than ever before to transform a rental unit into a cash cow. What is Rental Arbitrage? Rent arbitrage transforms the current rental market into a haven …
A property’s gross income may indicate its worth, but its net operating income holds far more value to interested investors. If you’re thinking about investing in a property, you may want to use a net operating income calculator to determine how operating fees and rent may influence your income stream. What is Net Operating Income …
Maintaining a healthy and friendly relationship between landlords and tenants takes a lot of effort. There are times, though, when even the most accommodating people rub each other the wrong way. As a tenant, you’re entitled to certain rights that are meant to protect you from retaliatory behavior. If you believe that you’re being harassed …
Tenants moved out but their mail keeps showing up? Sound familiar? Not giving a forwarding address to the USPS and landlords is not unusual. For landlords, it’s time-consuming and just plain annoying to deal with mail from former tenants. In a perfect world, people would always, as they are supposed to, give the USPS their …
Understanding what a tenant holdover is and how it can affect your business is vital if you’re a landlord. Just as vital is knowing what you can do about a tenant holdover. The following will give you definitions and factors to consider when dealing with a tenant holdover situation. What Is a Holdover Tenant? A …
Pests showing up in rental units is a problem. But, while pests are a big problem, the conflicts between tenant and landlord and who’s responsible for the situation can be even more significant. The question many have is, “Are Landlords Responsible for Pest Control?” It’s important to note that before landlords and tenants get into …
PayRent is on a mission to build a rent collection app that fosters a positive and productive relationship between renters and landlords. We focus less on transactions and more on the people behind them.
