SherRon Marcek 
Most tenants pay rent on the first of the month. Others pay on the 15th or the last day of the month. Some tenants have an arrangement where they pay whenever they get paid, which can be weekly or any other schedule that works for them and their landlord. If you’re a landlord, it’s important to …
Rental property income statements — often known as profit and loss (P&L) statements — are a key component of any investment property analysis. Income statements help determine the economic feasibility of a rental property and its overall value. This article will walk you through how rental property income statements work and how to read them. …
Do landlords have to pay interest on security deposits? That depends on where the rental property is located. Let’s take a closer look. A security deposit is any amount of money a tenant pays to a landlord beyond the first month’s rent and other move-in fees. It is usually equal to one month’s rent but …
Social media has become increasingly popular for rental listings. It’s a good way to reach people looking for rentals, but it also helps potential renters learn more about what you have to offer. In a world where most adults spend well over two hours per day on social media, it makes sense for property managers …
One of the most important tasks rental property owners and managers face is setting quiet hours for tenants and guests. Because there are so many different circumstances at play, it can be difficult for a property owner or manager to know what’s appropriate for their situation. Quiet hours can have a big impact on the …
The nation’s three major credit bureaus have announced plans to overhaul how they handle medical collections reporting, wiping tens of billions of dollars in debt from U.S. consumers’ credit reports. Additionally, these changes impact how paid collections impact a person’s credit score. The announcement of these changes comes from the Consumer Financial Protection Bureau’s (CFPB) …
If you’re a landlord, you’re bound to run into disputes with your tenants. It’s pretty much inevitable. As a property manager or landlord, what can you do to handle tenant disputes and be fair to each party involved? Here are some tips for dealing with the most common tenant disputes. How to Handle Tenant Disputes: …
Are you considering becoming a private landlord? If so, it’s important to understand what the job entails. It’s good to ask yourself some key questions before committing to this career path. The first thing you need to ask yourself is why you want to become a landlord. Making money is the most obvious reason, but …
If you’re a landlord, you get to decide whether to self-manage your rental property or hire a property manager. You already have enough on your plate, especially if you manage multiple properties. While hiring a property manager can help free up your time and give you peace of mind, it will also cost you some …
As a landlord, how often should you raise rent? Setting the right rent amount for your rental property can be tricky. You want to earn as much as possible, but you also want to attract tenants who will be responsible and pay on time. In general, we recommend raising rents annually at the rate of …
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.
