Bi-Monthly Rent Payments…hmmm
Published on: Wednesday, October 10th, 2018
I’d never really considered this idea. It could actually be a win-win. Tenants get the flexibility and the property owner gets a little bit of compensation to offset the hassle. The downside is that a lot of that “extra” revenue is going to get gobbled up if there isn’t a very automated system in place. For instance, receiving rents directly into the bank account without having to physically touch the checks. If you don’t have that type of system, an automated system then the value depreciates pretty quickly.
It’s something to consider though.