As a landlord I am going to start giving my tenants invoices for there rent due. What do you think?

Question

so then they can't say I dind't have a rent bill or how much was needed to be paid. Do you think this is a good idea also does nayone else here do that?

Answer 1

Hoodoo, even though this is legal it is extra expense for you and have you quoted for this in your accounts.

Remember, though a letter has been posted it is not confirmed of delivery unless you deliver it yourself in to your tenants hands.

You have a contract, short-term rental/leasehold and all you need to do is remind that there is a paragraph in their contract in regard to payments.

To help them out set up a direct debit for monthly payment

Answer 2

I am not sure where you stand legally but you should have by law a rent book or a direct debit set up (that way you can prove whether payments have been made or not). Billing for rent is unusual- this is something you should have had sorted at the start of the tenancy. Issue them with a rent book and sign it every month- tell them what date/time you will be calling for rent. Or issue them with a direct debit form.

Answer 3

Seems like an unnecessary extra step and a waste of time to me.

Why not offer them some incentive to pay their rent on time instead of sending them a bill?

Next time you rent something bump your normal rent up 50 bucks or so and tell your tenant there is a $50.00 'discount' if you have their rent money in your hand not later than the 1st day of the month. 2nd day it's the normal, 50 bucks more rental rate.

Answer 4

Good thinking, but why not ask your tenant to pay by standing order? Should that not appear in the future, then invoice them with 14 days to pay. But....surely the rent agreement states the payment terms and notice?

Answer 5

I think good organization never hurts anyone. So long as you retain a portion of the rent bill/rent stub for yourself and put it in the file you created of the lease rider you should be all set. Having a file of all the transactions of your tenants is never a bad idea.

Answer 6

I've not done that, and don't see a need to do it. Tenants are renting from you under a contract, and there is no need to send invoicing when your contract clearly states an amount to be paid monthly.

Answer 7

I have 26 rentals. You must firmly establish up front what is expected of your tenants. This is a business. If they aren't paying they are trying not to pay. Evict them. They know how much the rent is and they also know where. They are just trying anything to get out of paying. Don't give any of them any slack. You will get burned. Give them notice as soon as you can and follow thru everytime. EVERYTIME!!!

Answer 8

If they signed a lease, its unnecessary. A good practice, but unnecessary. If they are on a month to month, then definitely give them one 2 wks before payment is due. make sure you have any verbiage included on the invoice checked over by a lawyer as to not cause any problems due to any accidental mis-statements

Answer 9

Depends on how many tenants you have but still, all tenants sign a lease and they really can't be that daft to think they can buy one get one free, your terms of payment are stipulated in the lease (monthly, weekly, lunar, calendar -right?) so why make more work for yourself ... ?

Answer 10

Their tenancy agreement should state how much the rent is and when it should be paid and then set up direct debit/standing order payments so it cant be missed. You'll be doing paperwork forever and a day,