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Rent & payments

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68 posts

AnswerRent & payments

Should I accept cash for rent?

Review the lease, local rules and your ability to document cash safely. If cash is accepted, use a clear receipt and record the payment promptly...

1 min read
AnswerRent & payments

Should I offer a grace period for rent?

A grace period commonly affects when a late fee may be imposed, but its effect depends on the lease and law. The rent due date, fee eligibility...

3 min read
AnswerRent & payments

What if a tenant pays partial rent?

Record the amount actually received and the remaining balance. Before agreeing to a payment plan or taking further action, check the lease and...

5 min read
AnswerRent & payments

What is rent reporting to credit bureaus?

Rent reporting sends eligible rental-payment information to one or more credit bureaus through a reporting service. Coverage, consent, fees and...

3 min read
AnswerRent & payments

What is the best way to collect rent?

There is no best method for every rental. Choose an option that fits the lease and local rules, works for the renter, explains fees and timing,...

Archive topic 20234 min read
AnswerRent & payments

What should I do when rent is late?

Check the payment record first, then send a factual reminder and review the lease and local rules. A late balance, a late fee and a formal notice...

3 min read