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working out rent...


carolski3244

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That 's great until you get a T that thinks that way ....Then a maths lesson b4 you get paid !

Hb dont help by paying 4 weekly .....

S

I always state the rent weekly as most tenants then think that all they have to pay is 4 times this :P ,then give them the standing order details, I am quiet happy to take the rent as 4 weeks but then it needs paying every 4 weeks , not on the same day of the month.

Just make your tenant 100% understands that, i.e. £100 per week = £433.34 per month before you hand over the keys.

Jimmy

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I always state the rent weekly as most tenants then think that all they have to pay is 4 times this :P ,then give them the standing order details, I am quiet happy to take the rent as 4 weeks but then it needs paying every 4 weeks , not on the same day of the month.

Just make your tenant 100% understands that, i.e. £100 per week = £433.34 per month before you hand over the keys.

Jimmy

not great for admin if you have a sizeable portfolio and mortgage payments are pcm as rent will fall in and out of sync with M payment !!

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