วันศุกร์ที่ 15 ธันวาคม พ.ศ. 2560

Collecting Rent Automatically

Being a landlord can be a rewarding experience. You can invest in real estate and watch its value grow over time. ฝากขายอาคารพาณิชย์ As the property appreciates in value, you can tap into some of that equity and help finance the purchase of still more real estate. But there are down sides being a landlord; one of them is collecting rent when a tenant is constantly late. What can help?

Increasingly, landlords are setting up auto-debits that transfer money from the tenant's bank account into their own. Tenants can also set up an automatic bill pay that pays the rent automatically for a specified amount on a certain day.

An auto-debit is the most convenient way because neither the tenant nor the landlord need to do anything when rent comes due; the funds are automatically transferred. The landlord will complete a standard draft form that has the tenant's name, address, phone and bank name. Along with this information is the tenants' bank information including the routing and account numbers. The tenant signs the draft form and provides a signed, voided check.

Next, set up your own merchant account. There are several online providers that will assist you setting up your account allowing you to receive online payments. You can also set up an account at PayPal or Google Checkout for your tenants to use. Both services allow the tenant to arrange payments ahead of time for their rent when payments are due.

Electronic rent payments are the most convenient way to send and receive money and provide an automatic paper trail for all fund transfers. As part of your lease agreement, you can require your tenants to set up an auto-debit in order to pay their rent. If your potential tenants decline to do so, find other tenants. Someone who declines an auto-pay arrangement will raise a red flag.


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