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This topic contains 5 replies, has 2 voices, and was last updated by MikeL 6 months, 1 week ago.
I know rent is typically a monthly payment but has anyone ever worked with a tenant and done weekly or bi weekly payments? If so, how did it work out? Better or worse than monthly?
I ran a couple rooming houses, and collected rent weekly. You had to with those tenants, they were pretty transient.
I wouldn’t do more frequently than monthly normally, unless you had a tenant trying to get caught up.
Mike why would you not do more frequent?
There’s really no benefit to the landlord to collect more frequently than you have to. If your collecting by check or money order, it’s just another deposit you have to do.
Thanks for the input. That makes sense. I set up an account with my bank and tenants deposit rent into that account. But I do see your logic. I was just trying to see others views on it. Thanks again
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